OXY Forecast + Trading Strategies


Bullish Case: OXY benefits from strong insider buying, significant carbon capture initiatives, and institutional backing, indicating robust investor confidence.


Bearish Case: OXY faces ongoing financial strain from high debt levels and exposure to oil market volatility, which could hinder gains despite positive investor sentiment.


Potential Outcomes: Outcomes include:

1. Successful carbon projects (+40%).

2. Poor earnings (-30%).

3. Continued investments by large shareholders (+25%).

4. Market volatility impacts negatively (-5%).


Trading Oracle: Profitable strategy: Bullish debit spreads focusing on August expiries. Buy the $62.5 strike calls expiring 28 days out, sell the $65 strike calls same date. Low volatility and institutional backing provide ideal entry. High alpha, positive edge.


July 16, 2024


Occidental Petroleum Forecast

OXY      Occidental Petroleum











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ERX Forecast + Options Trading Strategies   ERX  Direxion Daily Energy Bull 2X Shares (0.91)


GUSH Forecast + Options Trading Strategies   GUSH  Direxion Daily S&P Oil & Gas Exp. & Prod. (0.9)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.9)


EOG Forecast + Options Trading Strategies   EOG  EOG Resources (0.9)


DVN Forecast + Options Trading Strategies   DVN  Devon Energy (0.89)



Uncorrelated Assets

Assets with little price relationship to OXY



GNRC Forecast + Options Trading Strategies   GNRC  Generac (-0.0)


BITO Forecast + Options Trading Strategies   BITO  ProShares Bitcoin Strategy (-0.0)


CNP Forecast + Options Trading Strategies   CNP  Centerpoint Energy (-0.0)


ARKF Forecast + Options Trading Strategies   ARKF  ARK Fintech Innovation (0.0)


WEBL Forecast + Options Trading Strategies   WEBL  Direxion Daily Dow Jones Internet Bull 3X Shares (0.0)



Anticorrelated Assets

Assets that tend to move strongly against OXY



SCO Forecast + Options Trading Strategies   SCO  ProShares UltraShort Bloomberg Crude Oil (-0.65)


TTWO Forecast + Options Trading Strategies   TTWO  Take-Two Interactive Software (-0.65)


SOXX Forecast + Options Trading Strategies   SOXX  BTC iShares PHLX Semicond (-0.65)


VSCO Forecast + Options Trading Strategies   VSCO  Victoria's Secret (-0.66)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.78)





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