PTEN Forecast + Trading Strategies



Bearish<—>Bullish



80% Confidence




Bullish Case: PTEN's strategic mergers and acquisitions enhance its market position and synergize operations, potentially driving future growth despite volatility.




Bearish Case: The extended historical underperformance and high implied volatility suggest market skepticism, compounded by low trading volume, pointing to further declines.




Potential Outcomes: 35%: Growth from strategic moves; 30%: Continued volatility stagnation; 35%: Further decline due to market disbelief.




Trading Oracle:

Bearish Long Volatility Strategy

Adopt this due to high implied volatility and potential downturns. Buy OOTM put options and sell fewer further OOTM put options. Details Here.



May 01, 2025


Patterson-UTI Energy Forecast

PTEN        Patterson-UTI Energy











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CHX Forecast + Options Trading Strategies   CHX  ChampionX (0.82)


MUR Forecast + Options Trading Strategies   MUR  Murphy Oil (0.81)



Uncorrelated Assets

Assets with little price relationship to PTEN



HASI Forecast + Options Trading Strategies   HASI  Hannon Armstrong Sustainable Infrastructure (-0.0)


DKS Forecast + Options Trading Strategies   DKS  Dicks Sporting Goods (0.01)


ASAN Forecast + Options Trading Strategies   ASAN  Asana (0.01)


DDOG Forecast + Options Trading Strategies   DDOG  Datadog (-0.01)


ZIM Forecast + Options Trading Strategies   ZIM  Zim Integrated Shipping Services (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against PTEN



RYAN Forecast + Options Trading Strategies   RYAN  Ryan Specialty (-0.72)


RY Forecast + Options Trading Strategies   RY  Royal Bank Of Canada (-0.73)


TW Forecast + Options Trading Strategies   TW  Tradeweb Markets (-0.74)


CB Forecast + Options Trading Strategies   CB  Chubb (-0.75)


ADC Forecast + Options Trading Strategies   ADC  Agree Realty (-0.77)









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