TS Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: The current implied volatility for TS shows potential for upward movement as uncertainty reduces. Historical return patterns indicate reasonable likelihood of positive returns, particularly in the short-term horizon with upcoming earnings, supporting a bullish sentiment.




Bearish Case: High trading volumes in put options and recent price history suggest bearish sentiment among traders. Market volatility and economic uncertainties may lead to price corrections, indicating potential for downside risks in the near future.




Potential Outcomes:

1. Price increases by 10% due to strong earnings in Q4 (30% chance).

2. Price stabilizes around current levels, reflecting cautious market sentiment (50% chance).

3. Price declines by 5% amid broader economic downturn (20% chance).




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November 14, 2024


Tenaris S.A. Forecast

TS        Tenaris S.A.











Correlated Assets

Assets that tend to move strongly with TS



LZ Forecast + Options Trading Strategies   LZ  LegalZoom.com (0.86)


LAC Forecast + Options Trading Strategies   LAC  Lithium Americas (0.84)


DQ Forecast + Options Trading Strategies   DQ  Daqo New Energy (0.82)


RES Forecast + Options Trading Strategies   RES  RPC (0.8)


REMX Forecast + Options Trading Strategies   REMX  VanEck Vectors Rare Earth/Strategic Metals (0.8)



Uncorrelated Assets

Assets with little price relationship to TS



TDW Forecast + Options Trading Strategies   TDW  Tidewater Inc. - New (-0.0)


IVR Forecast + Options Trading Strategies   IVR  Invesco Mortgage (-0.0)


YCL Forecast + Options Trading Strategies   YCL  ProShares Ultra Yen (0.0)


WM Forecast + Options Trading Strategies   WM  Waste Management (-0.0)


HE Forecast + Options Trading Strategies   HE  Hawaiian Electric Industries (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against TS



CIM Forecast + Options Trading Strategies   CIM  Chimera Investment (-0.69)


FOX Forecast + Options Trading Strategies   FOX  Fox Corporation - (-0.7)


AMGN Forecast + Options Trading Strategies   AMGN  AMGEN (-0.75)


BCRX Forecast + Options Trading Strategies   BCRX  Biocryst Pharmaceuticals (-0.75)


AOSL Forecast + Options Trading Strategies   AOSL  Alpha & Omega Semiconductor (-0.76)









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