XOP Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: XOP may experience a bullish trend due to rising oil demand and favorable geopolitical conditions, leading to increased call option activity as implied volatilities remain comparatively low against Helium's AI forecasts.




Bearish Case: XOP could decline as recent high put option volume indicates market uncertainty and volatility, compounded by geopolitical tensions in oil markets, suggesting a higher probability of negative returns in the short term.




Potential Outcomes:
  • 60% chance of bullish recovery above $150 driven by demand.
  • 25% chance of stagnation around $145 due to market uncertainty.
  • 15% chance of decline below $140 amidst geopolitical tensions.




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November 23, 2024


SPDR Oil & Gas Exploration and Production Forecast

XOP        SPDR Oil & Gas Exploration and Production











Correlated Assets

Assets that tend to move strongly with XOP



RRC Forecast + Options Trading Strategies   RRC  Range Resources (0.9)


VLO Forecast + Options Trading Strategies   VLO  Valero Energy (0.86)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.83)


BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (0.8)


FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (0.79)



Uncorrelated Assets

Assets with little price relationship to XOP



CRNC Forecast + Options Trading Strategies   CRNC  Cerence (0.0)


MLI Forecast + Options Trading Strategies   MLI  Mueller Industries (0.0)


PGR Forecast + Options Trading Strategies   PGR  Progressive (-0.0)


BSX Forecast + Options Trading Strategies   BSX  Boston Scientific (-0.0)


GLD Forecast + Options Trading Strategies   GLD  SPDR Gold Shares (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against XOP



GILD Forecast + Options Trading Strategies   GILD  Gilead Sciences (-0.71)


EPR Forecast + Options Trading Strategies   EPR  EPR Properties (-0.71)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.73)


COMM Forecast + Options Trading Strategies   COMM  CommScope (-0.73)


AUPH Forecast + Options Trading Strategies   AUPH  Aurinia Pharmaceuticals (-0.73)









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