WLK Forecast


Bullish Case: With WLK’s market structure, new product launches, and facility expansions, plus Helium implying higher bullish risk, the outlook is positive.


Bearish Case: Current flat price action and market volatility, along with recent downgrades, highlight potential underperformance risks.


Potential Outcomes: 60% chance of price appreciation, driven by market growth and new investments. 30% chance of price stagnation due to volatility. 10% chance of a meaningful decline amid economic uncertainties.


Trading Oracle: Initiate mid-term bullish debit spreads targeting November 2024. Focus on strikes close to the current price to leverage volatility differences and Helium’s implied edge. Expecting an upward trajectory gives a high reward-to-risk setup.


June 25, 2024


Westlake Forecast

WLK      Westlake











Correlated Assets

Assets that tend to move strongly with WLK



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.93)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.53)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.68)



Uncorrelated Assets

Assets with little price relationship to WLK



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.53)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.68)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.93)



Anticorrelated Assets

Assets that tend to move strongly against WLK



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.93)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.53)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.68)





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