NOV Forecast



Price Forecast:


Bearish<—>Bullish



80% Confidence




Bullish Case: NOV's implied volatility remains elevated, hinting at potential upside. High call volume suggests bullish sentiment. Rising energy demand may drive growth.




Bearish Case: Low historical returns and high volatility imply downside risk. Ongoing regulatory challenges and market skepticism could hinder recovery.




Potential Outcomes:

1. Continued oil demand boosts NOV (60%).

2. Economic downturn pressures price (30%).

3. Regulatory issues dampen growth (10%).




Trading Oracle: Opt for a bullish debit spread: Buy $15 calls, sell $16 calls for February expiration. Leverage high volatility and positive call volume. Target mid-term upward movement with significant potential upside given market dynamics.



December 31, 2024


NOV Forecast

NOV        NOV











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Uncorrelated Assets

Assets with little price relationship to NOV



TMO Forecast + Options Trading Strategies   TMO  Thermo Fisher Scientific (-0.0)


THO Forecast + Options Trading Strategies   THO  Thor Industries (0.01)


GTLB Forecast + Options Trading Strategies   GTLB  Gitlab (-0.01)


SLS Forecast + Options Trading Strategies   SLS  SELLAS Life Sciences (-0.02)


SCCO Forecast + Options Trading Strategies   SCCO  Southern Copper (0.03)



Anticorrelated Assets

Assets that tend to move strongly against NOV



FOUR Forecast + Options Trading Strategies   FOUR  Shift4 Payments (-0.76)


GWRE Forecast + Options Trading Strategies   GWRE  Guidewire Software (-0.77)


ONON Forecast + Options Trading Strategies   ONON  On (-0.77)


ISRG Forecast + Options Trading Strategies   ISRG  Intuitive Surgical (-0.78)


COHR Forecast + Options Trading Strategies   COHR  Coherent (-0.79)









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