NOV Forecast + Trading Strategies



Bearish<—>Bullish



80% Confidence




Bullish Case: NOV has potential upside due to increased energy demand and lower helium implied volatility versus market levels, suggesting trader confidence.




Bearish Case: High market implied volatility and weak historical returns indicate risk, especially amidst uncertain market conditions for energy stocks.




Potential Outcomes:
  • 40% chance: Modest rally driven by energy demand.
  • 30% chance: Flat market as investor sentiment remains cautious.
  • 30% chance: Decline due to high volatility and regulatory pressures.




Trading Oracle: Consider a Bullish Short Volatility strategy by selling ATM put options and buying more OOTM put options. This exploits current high implied volatility, betting on limited downside while capturing premiums as prices stabilize.



March 02, 2025










Correlated Assets

Assets that tend to move strongly with NOV



RIG Forecast + Options Trading Strategies   RIG  Transocean (0.94)


DVN Forecast + Options Trading Strategies   DVN  Devon Energy (0.93)


WFRD Forecast + Options Trading Strategies   WFRD  Weatherford International plc - New (0.93)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.91)


PSX Forecast + Options Trading Strategies   PSX  Phillips 66 (0.91)



Uncorrelated Assets

Assets with little price relationship to NOV



ACGL Forecast + Options Trading Strategies   ACGL  Arch (0.0)


TYO Forecast + Options Trading Strategies   TYO  Direxion Daily 7-10 Year Treasury Bear 3X Shares (-0.0)


EH Forecast + Options Trading Strategies   EH  EHang Holdings Ltd - (0.02)


OTIS Forecast + Options Trading Strategies   OTIS  Otis Worldwide (-0.02)


HCA Forecast + Options Trading Strategies   HCA  HCA Healthcare (-0.03)



Anticorrelated Assets

Assets that tend to move strongly against NOV



ONON Forecast + Options Trading Strategies   ONON  On (-0.85)


BSX Forecast + Options Trading Strategies   BSX  Boston Scientific (-0.86)


OPFI Forecast + Options Trading Strategies   OPFI  OppFi (-0.86)


GGAL Forecast + Options Trading Strategies   GGAL  Grupo Financiero Galicia (-0.86)


RKLB Forecast + Options Trading Strategies   RKLB  Rocket Lab USA (-0.87)









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