SSRM Forecast


Bullish Case: Solid exploration results and rising gold prices could drive production and profits higher.


Bearish Case: Operational and legal challenges, exacerbated by high cash burn at Çöpler, could continue to depress stock price.


Potential Outcomes: Exploration boost (50%), prolonged operational issues (45%), unexpected institutional investment (5%).


Trading Oracle: Deploy a short volatility strategy with a credit spread. Sell the Dec $6 call and buy the Dec $7 call. Target December 2024 expiration to leverage high implied volatility and mean reversion trend while limiting downside risk. This offers high reward-to-risk potential and positive edge.


July 23, 2024


SSR Mining Forecast

SSRM      SSR Mining











Correlated Assets

Assets that tend to move strongly with SSRM



VFC Forecast + Options Trading Strategies   VFC  VF (0.71)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.61)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.28)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.75)



Uncorrelated Assets

Assets with little price relationship to SSRM



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.28)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.61)


VFC Forecast + Options Trading Strategies   VFC  VF (0.71)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.75)



Anticorrelated Assets

Assets that tend to move strongly against SSRM



VFC Forecast + Options Trading Strategies   VFC  VF (0.71)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.61)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.28)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.75)





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