TECK Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: TECK is poised for growth as its copper expansion aligns with global green initiatives. The high call option volume signals investor confidence, and stable underlying price levels could boost further upside potential with increased demand for copper.




Bearish Case: Recent high volatility in TECK options suggests significant market uncertainty. Should operational challenges persist or regulatory hurdles impede progress, investor confidence could wane, leading to downward price pressure in the near term.




Potential Outcomes:

1. Successful ramp-up of QB2 boosts production (40%).

2. Regulatory hurdles delay projects (30%).

3. Acquisition interest leads to a substantial bid (20%).

4. Market downturn impacts copper prices (10%).




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November 17, 2024


Teck Resources Forecast

TECK        Teck Resources











Correlated Assets

Assets that tend to move strongly with TECK



TGB Forecast + Options Trading Strategies   TGB  Taseko Mines (0.93)


HBM Forecast + Options Trading Strategies   HBM  Hudbay Minerals (0.91)


DB Forecast + Options Trading Strategies   DB  Deutsche (0.86)


FUTU Forecast + Options Trading Strategies   FUTU  Futu (0.83)


AA Forecast + Options Trading Strategies   AA  Alcoa (0.83)



Uncorrelated Assets

Assets with little price relationship to TECK



SAVA Forecast + Options Trading Strategies   SAVA  Cassava Sciences (-0.01)


RDFN Forecast + Options Trading Strategies   RDFN  Redfin (0.01)


LUMN Forecast + Options Trading Strategies   LUMN  Lumen (-0.01)


F Forecast + Options Trading Strategies   F  Ford Motor (0.01)


BITO Forecast + Options Trading Strategies   BITO  ProShares Bitcoin Strategy (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against TECK



JAZZ Forecast + Options Trading Strategies   JAZZ  Jazz Pharmaceuticals (-0.68)


IGT Forecast + Options Trading Strategies   IGT  International Game Technology (-0.72)


GL Forecast + Options Trading Strategies   GL  Globe Life (-0.72)


DV Forecast + Options Trading Strategies   DV  DoubleVerify (-0.72)


YANG Forecast + Options Trading Strategies   YANG  Direxion Daily FTSE China Bear 3X Shares (-0.77)









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