OVV Forecast + Trading Strategies


Bullish Case: Recent institutional investments, rising dividends, and stable natural gas prices position OVV for growth, reflecting confidence amid steady options premiums and flat IV term structure.


Bearish Case: Continued insider selling, decreasing volume, and declining price action suggest persistent institutional caution, exacerbated by high helium-implied volatility signals short-term pressure.


Potential Outcomes:

1. Stabilized operational efficiency boosts price (55%).

2. Insider sell-offs induce dips (30%).

3. Earnings surprises negate market sentiment (15%). Convexity of IV vs. historical stability underscores significant risk amid recent stability.


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June 30, 2024










Correlated Assets

Assets that tend to move strongly with OVV



XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.93)


MTDR Forecast + Options Trading Strategies   MTDR  Matador Resources (0.93)


SM Forecast + Options Trading Strategies   SM  SM Energy (0.91)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.91)


ERX Forecast + Options Trading Strategies   ERX  Direxion Daily Energy Bull 2X Shares (0.89)



Uncorrelated Assets

Assets with little price relationship to OVV



GIII Forecast + Options Trading Strategies   GIII  G-III Apparel (-0.0)


CFR Forecast + Options Trading Strategies   CFR  Cullen Frost Bankers (-0.0)


KMX Forecast + Options Trading Strategies   KMX  Carmax (0.0)


EBS Forecast + Options Trading Strategies   EBS  Emergent Biosolutions (-0.0)


FDP Forecast + Options Trading Strategies   FDP  Fresh Del Monte Produce (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against OVV



FIVN Forecast + Options Trading Strategies   FIVN  Five9 (-0.76)


SOXX Forecast + Options Trading Strategies   SOXX  BTC iShares PHLX Semicond (-0.78)


CNXC Forecast + Options Trading Strategies   CNXC  Concentrix (-0.81)


SCO Forecast + Options Trading Strategies   SCO  ProShares UltraShort Bloomberg Crude Oil (-0.82)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.91)





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