E Forecast


Bullish Case: A minor positive momentum supported by Eni’s resilient fundamentals and optimistic future sales in emerging markets. Call options with higher volumes and lower implied volatility indicate potential for price appreciation.


Bearish Case: Elevated market and Helium implied volatilities suggest potential sharp downside risks. Economic uncertainty and geopolitical tensions add to underlying bearish sentiment.


Potential Outcomes: 35% chance of moderate gain (up to 10%), 50% of range-bound behavior (typically -5% to +5%), 15% of sharp decline due to geopolitical/economic risks. Estimates consider historical and forecasted volatilities and price stagnations.


Trading Oracle: Trade bearish debit spreads favoring near-term pessimism. Focus on approximately 2-month outlook to capture expected high volatility. High reward-to-risk ensured by Helium’s volatility premium. Target strikes in the $22.50-$27.50 range.


July 18, 2024


Eni Spa Forecast

E      Eni Spa











Correlated Assets

Assets that tend to move strongly with E



LI Forecast + Options Trading Strategies   LI  Li Auto (0.14)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.01)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.01)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.21)



Uncorrelated Assets

Assets with little price relationship to E



VFC Forecast + Options Trading Strategies   VFC  VF (-0.01)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.01)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.14)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.21)



Anticorrelated Assets

Assets that tend to move strongly against E



LI Forecast + Options Trading Strategies   LI  Li Auto (0.14)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.01)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.01)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.21)





Become a more profitable investor with AI optimized trading strategies






×

Chat with E


 Ask any question about E!