PWR Forecast


Bullish Case: Strong infrastructure spending and renewed energy momentum. Low near-term volatility and historical upward price momentum suggest positive returns.


Bearish Case: Interest rate hikes could compress valuations and market uncertainty may cause correction. Mean-reverting behavior suggests limited immediate upside.


Potential Outcomes: 40% chance of steady gains to $300 driven by earnings; 35% chance for sideways trading; 15% chance of pullback to $250 on rates; 10% chance for acquisition announcement driving to $320.


Trading Oracle: Sell August/September credit call spreads given current contango and mean-reverting trend. Focus on short-term positions targeting $280 strikes with high reward:risk. High-probability, quick-profits expected with Helium's edge in low-volatility scenarios.


June 27, 2024


Quanta Services Forecast

PWR      Quanta Services











Correlated Assets

Assets that tend to move strongly with PWR



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.92)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.58)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.62)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.64)



Uncorrelated Assets

Assets with little price relationship to PWR



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.58)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.62)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.64)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.92)



Anticorrelated Assets

Assets that tend to move strongly against PWR



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.92)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.58)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.62)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.64)





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