NXST Forecast + Trading Strategies


Bullish Case: NXST's strong historical returns and bullish sentiment indicators, like higher implied volatility and top options trade volumes, suggest potential upside. Recent appointment of an experienced SVP for digital ad sales further strengthens growth prospects.


Bearish Case: Flat options term structure and a mismatch in Helium and market implied volatility indicate skepticism. Economic uncertainties and potential disruptions in ad revenue pose significant downside risks.


Potential Outcomes:

1. Revenue boost from new SVP's digital ad strategies (30%).

2. Economic downturn impacting advertising revenue (25%).

3. Continued price stability (20%).

4. Unexpected regulatory impacts (15%).

5. Acquisition or partnership news (10%).


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June 28, 2024


Nexstar Media Forecast

NXST      Nexstar Media











Correlated Assets

Assets that tend to move strongly with NXST



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.54)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.12)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.2)


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



Uncorrelated Assets

Assets with little price relationship to NXST



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.12)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.2)


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


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.54)



Anticorrelated Assets

Assets that tend to move strongly against NXST



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.54)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.12)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.2)


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





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