MYRG Forecast


Bullish Case: MYRG's strong historical returns, stable growth, and increasing infrastructure investments could drive further price appreciation. Mean-reversion tendency suggests upside potential.


Bearish Case: Rising operational costs, potential project delays, and higher implied volatility than market levels indicate significant downside risk. Economic downturn could further impair performance.


Potential Outcomes: 60% increase in infrastructure investment boosts MYRG. 30% rise in operational costs hinders profitability. 10% mean-reverting trend persists.


Trading Oracle: Execute bullish debit spreads, targeting $150 and $160 strikes for July 2024 expiries to exploit mean-reversion and sector trends. High volatility at lower strikes favors debit spreads for high reward:risk.


July 12, 2024


MYR Forecast

MYRG      MYR











Correlated Assets

Assets that tend to move strongly with MYRG



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.67)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.45)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.29)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.39)



Uncorrelated Assets

Assets with little price relationship to MYRG



LI Forecast + Options Trading Strategies   LI  Li Auto (-0.29)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.39)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.45)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.67)



Anticorrelated Assets

Assets that tend to move strongly against MYRG



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.67)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.45)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.29)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.39)





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