OLN Forecast + Trading Strategies


Bullish Case: OLN's historical price return shows a strong bullish pattern, with higher implied volatility suggesting market anticipation. Options trading volumes favor calls significantly, indicating bullish sentiment.


Bearish Case: Recent price trend indicates a 13.4% drop over 90 days, with sustained flat to declining volatility term structure. Potential headwinds from macroeconomic uncertainties and high energy costs squeezing margins.


Potential Outcomes:

1. Economic Recovery Boosts OLN Sales (50%),

2. High Energy Costs Squeeze Margins (30%),

3. Stable/Neutral Market Impact (20%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


June 19, 2024










Correlated Assets

Assets that tend to move strongly with OLN



AAP Forecast + Options Trading Strategies   AAP  Advance Auto Parts (0.84)


CMC Forecast + Options Trading Strategies   CMC  Commercial Metals (0.83)


URTY Forecast + Options Trading Strategies   URTY  ProShares UltraPro Russell2000 (0.8)


HOG Forecast + Options Trading Strategies   HOG  Harley-Davidson (0.78)


CPA Forecast + Options Trading Strategies   CPA  Copa (0.78)



Uncorrelated Assets

Assets with little price relationship to OLN



SPXU Forecast + Options Trading Strategies   SPXU  ProShares UltraPro Short S&P 500 (-0.0)


PANW Forecast + Options Trading Strategies   PANW  Palo Alto Networks (-0.0)


NOVA Forecast + Options Trading Strategies   NOVA  Sunnova Energy International (0.0)


BKR Forecast + Options Trading Strategies   BKR  Baker Hughes (0.0)


FLNC Forecast + Options Trading Strategies   FLNC  Fluence Energy (0.0)



Anticorrelated Assets

Assets that tend to move strongly against OLN



UUUU Forecast + Options Trading Strategies   UUUU  Energy Fuels (-0.59)


UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.6)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.64)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.67)


HIBS Forecast + Options Trading Strategies   HIBS  Direxion Daily S&P 500 High Beta Bear 3X Shares (-0.74)





Become a more profitable investor with AI optimized trading strategies






×

Chat with OLN


 Ask any question about OLN!