OC Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Analyzing OC's strong historical returns suggests a bullish sentiment, especially with a recovering housing market and strategic acquisitions. Current high call option volumes and lower implied volatility support upward price momentum.




Bearish Case: Insider trading concerns and leadership instability may negatively impact investor sentiment and inhibit price growth. Elevated volatility in short-term options suggests potential for significant downward movements in the near future.




Potential Outcomes:

1. Continued growth in housing leads to a 50% chance of prices increasing by 15%.

2. Insider trading issues may create a 30% chance for a 20% drop in value.

3. A neutral market could stabilize prices with a 20% chance.




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November 03, 2024


Owens Corning Forecast

OC        Owens Corning











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EME Forecast + Options Trading Strategies   EME  Emcor Group (0.9)


PRU Forecast + Options Trading Strategies   PRU  Prudential Financial (0.9)


TXRH Forecast + Options Trading Strategies   TXRH  Texas Roadhouse (0.89)



Uncorrelated Assets

Assets with little price relationship to OC



EW Forecast + Options Trading Strategies   EW  Edwards Lifesciences (0.0)


TTWO Forecast + Options Trading Strategies   TTWO  Take-Two Interactive Software (0.0)


WDFC Forecast + Options Trading Strategies   WDFC  WD-40 (0.0)


ENVX Forecast + Options Trading Strategies   ENVX  Enovix (-0.0)


ABNB Forecast + Options Trading Strategies   ABNB  Airbnb (0.01)



Anticorrelated Assets

Assets that tend to move strongly against OC



BMRN Forecast + Options Trading Strategies   BMRN  Registered Shares (-0.79)


EWZ Forecast + Options Trading Strategies   EWZ  iShares MSCI Brazil (-0.79)


COUR Forecast + Options Trading Strategies   COUR  Coursera (-0.8)


TXG Forecast + Options Trading Strategies   TXG  10x Genomics (-0.81)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.81)









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