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TNK Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: With strategic acquisitions and positive oil demand, TNK may see price recovery. The options market indicates a reasonable optimism with increased call volumes, hinting at upward momentum.



Bearish Case: Recent price declines and high implied volatility, especially around critical strike prices, indicate potential bearish sentiment. Operational challenges may also weigh down performance amidst fluctuating market dynamics.



Potential Outcomes:
1. Continued price decline (30%);
2. Stabilization around $38 (50%);
3. Price recovery towards $45 (20%).



Trading Oracle: Consider a bearish strategy: sell 1 $40 call and buy 2 $45 calls. This capitalizes on implied volatility with favorable risk-reward dynamics while leveraging short volatility expectations. Targeting ~20% return with manageable risks in place could add significant alpha.


December 07, 2024


Teekay Tankers Forecast

TNK        Teekay Tankers

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Correlated Assets

Assets that tend to move strongly with TNK


STNG Forecast + Options Trading Strategies   STNG  Scorpio Tankers (0.89)


FRO Forecast + Options Trading Strategies   FRO  Frontline (0.86)


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


VAL Forecast + Options Trading Strategies   VAL  Valaris (0.73)


UCTT Forecast + Options Trading Strategies   UCTT  Ultra Clean Hldgs (0.71)



Uncorrelated Assets

Assets with little price relationship to TNK


FOSL Forecast + Options Trading Strategies   FOSL  Fossil (-0.0)


HIMS Forecast + Options Trading Strategies   HIMS  Hims & Hers Health (-0.0)


SA Forecast + Options Trading Strategies   SA  Seabridge Gold (-0.01)


NXST Forecast + Options Trading Strategies   NXST  Nexstar Media (-0.01)


DB Forecast + Options Trading Strategies   DB  Deutsche (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against TNK


CLX Forecast + Options Trading Strategies   CLX  Clorox (-0.71)


RBLX Forecast + Options Trading Strategies   RBLX  Roblox Corporation - (-0.73)


GILD Forecast + Options Trading Strategies   GILD  Gilead Sciences (-0.73)


SBUX Forecast + Options Trading Strategies   SBUX  Starbucks (-0.73)


LUMN Forecast + Options Trading Strategies   LUMN  Lumen (-0.75)







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