OGS Forecast


Bullish Case: OGS is exhibiting recent positive momentum, indicated by the 11.8% gain over the past 90 days and 14.7% rise over the last month. The July 19, 2024, 70.00 calls are showing high implied volatility, suggesting strong upward price movements.


Bearish Case: Historical price return surface indicates a high likelihood of negative returns over the next 1-2 holding years. Combined with recent flat trend and potential bearish macroeconomic factors, downside risks remain.


Potential Outcomes: High volatility options highlight potential price swings. Probability of modest rally: 25%. Extended price stagnation: 45%. Further decline due to operational costs and market conditions: 30%.


Trading Oracle: Deploy credit spreads (Helium Short Volatility), focusing on at-the-money Iron Condor expiring in 2-3 months. Target current resistance levels around $70. This strategy leverages high recent volatility, optimizes premium decay, and maintains high probability-of-profit. Short-term outlook: bearish and neutral.


July 17, 2024


ONE Gas Forecast

OGS      ONE Gas











Correlated Assets

Assets that tend to move strongly with OGS



FNV Forecast + Options Trading Strategies   FNV  Franco-Nevada (0.77)


DIOD Forecast + Options Trading Strategies   DIOD  Diodes (0.77)


NE Forecast + Options Trading Strategies   NE  Noble (0.75)


OIH Forecast + Options Trading Strategies   OIH  VanEck Vectors Oil Services (0.74)


SNY Forecast + Options Trading Strategies   SNY  Sanofi (0.73)



Uncorrelated Assets

Assets with little price relationship to OGS



CRVS Forecast + Options Trading Strategies   CRVS  Corvus Pharmaceuticals (0.0)


RIOT Forecast + Options Trading Strategies   RIOT  Riot Blockchain (-0.0)


BJ Forecast + Options Trading Strategies   BJ  BJ's Wholesale Club (0.0)


SE Forecast + Options Trading Strategies   SE  Sea (-0.0)


IQV Forecast + Options Trading Strategies   IQV  IQVIA (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against OGS



WRB Forecast + Options Trading Strategies   WRB  W.R. Berkley (-0.61)


GIII Forecast + Options Trading Strategies   GIII  G-III Apparel (-0.62)


MANH Forecast + Options Trading Strategies   MANH  Manhattan Associates (-0.62)


CBOE Forecast + Options Trading Strategies   CBOE  Cboe Global Markets (-0.64)


CAH Forecast + Options Trading Strategies   CAH  Cardinal Health (-0.67)





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