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Price Forecast:




80% Confidence

Bearish   <->   Bullish



Bullish Case: With substantial share buybacks and robust demand for tankers, STNG is poised for price appreciation. The term structure is flat, indicating stability, while implied volatility trends suggest potential upside as market conditions favor pricing strength.



Bearish Case: Concerns over overvaluation persist, with STNG trading significantly below historical highs. The historical volatility suggests a potential price correction, and bearish put activities indicate market uncertainty and caution ahead.



Potential Outcomes:
  • 70% chance of sustained demand driving prices up to $54.
  • 20% chance of a price correction towards $46 driven by overvaluation.
  • 10% chance of geopolitical disruptions pushing prices down further.



Trading Oracle: Engage in a bullish strategy by purchasing $50-$55 call spreads to leverage potential upward movement, supported by a 70% probability of achieving the target price. Simultaneously, consider selling $45 puts for downside protection while maximizing upside exposure, capitalizing on the strong demand for tankers and stability in the term structure.


December 15, 2024


Scorpio Tankers Forecast

STNG        Scorpio Tankers

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Correlated Assets

Assets that tend to move strongly with STNG


FRO Forecast + Options Trading Strategies   FRO  Frontline (0.9)


TNK Forecast + Options Trading Strategies   TNK  Teekay Tankers (0.89)


OGN Forecast + Options Trading Strategies   OGN  Organon (0.8)


SIMO Forecast + Options Trading Strategies   SIMO  Silicon Motion Technology (0.77)


VAL Forecast + Options Trading Strategies   VAL  Valaris (0.74)



Uncorrelated Assets

Assets with little price relationship to STNG


MQ Forecast + Options Trading Strategies   MQ  Marqeta (-0.0)


CYTK Forecast + Options Trading Strategies   CYTK  Cytokinetics (0.0)


WFC Forecast + Options Trading Strategies   WFC  Wells Fargo (0.0)


ARCC Forecast + Options Trading Strategies   ARCC  Ares (-0.0)


VWO Forecast + Options Trading Strategies   VWO  Vanguard Group, Inc. - Vanguard FTSE Emerging Markets (0.0)



Anticorrelated Assets

Assets that tend to move strongly against STNG


ILMN Forecast + Options Trading Strategies   ILMN  Illumina (-0.78)


GILD Forecast + Options Trading Strategies   GILD  Gilead Sciences (-0.79)


PTON Forecast + Options Trading Strategies   PTON  Peloton Interactive (-0.81)


SBUX Forecast + Options Trading Strategies   SBUX  Starbucks (-0.81)


EXPE Forecast + Options Trading Strategies   EXPE  Expedia (-0.83)


STNG News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.







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