Equity/Index & Cross Asset Volatility Specialist, Cameron Design

Jay Cameron

Equity/Index & Cross Asset Volatility Specialist

Cameron Design

We specialize in financial products and volatility. Our strategies balance speed, data, and risk control to capture opportunities across global markets. Our research leverages AI and data analytics to continuously refine our algorithms and adapt to evolving market dynamics.

Equity Derivatives

<ul>
<li>Chevron demonstrated strong operational momentum in Q3 2025, with record worldwide production of over 4 million barrels of oil equivalent per day with upside from the Hess integration.</li>
<li>The stock is trading at a premium valuation with a challenging but achievable growth path in terms of annual growth rates and revenues.</li>
<li>Given the current valuation and financial outlook, the upcoming Investor Day on November 12, 2025, presents a short-term window to potentially put on a single stock options strategy.</li>
</ul>


Chevron demonstrated strong operational momentum in Q3 2025, with record worldwide production of over 4 million barrels of oil equivalent per day with upside from the Hess integration.
The stock is trading at a premium valuation with a challenging but achievable growth path in terms of annual growth rates and revenues.
Given the current valuation and financial outlook, the upcoming Investor Day on November 12, 2025, presents a short-term window to potentially put on a single stock options strategy.


Chevron Volatility: Options-Ready for Investor Day

<ul>
<li>ConocoPhillips is executing its M&amp;A strategy, achieving major synergy savings and targeting over $2B in run-rate improvements by the end of next year, supporting its fundamental long-term outlook.</li>
<li>Projection of a $7B increase in incremental Free Cash Flow by 2029 is bullish, noting execution risks.</li>
<li>The balance of long-term value drivers and near-term market and restructuring risks suggests a  strategy that is positioned to benefit from limited price movement.</li>
</ul>


ConocoPhillips is executing its M&amp;A strategy, achieving major synergy savings and targeting over $2B in run-rate improvements by the end of next year, supporting its fundamental long-term outlook.
Projection of a $7B increase in incremental Free Cash Flow by 2029 is bullish, noting execution risks.
The balance of long-term value drivers and near-term market and restructuring risks suggests a  strategy that is positioned to benefit from limited price movement.


Trading ConocoPhillips Volatility, Oil Majors

Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

Commodities

<ul><li>Our strategy approach is to filter various information sources and apply our clear investment process on top of it.</li><li>There are two reasons for us to enter a trade: …our quant system tells us to do so …or we make a discretionary manager decision based on market fundamentals that the quant system will only grasp with a time-lag</li><li>While not only moving sideways, the oil complex is currently drastically underperforming other parts of the commodity complex.</li></ul>

Our strategy approach is to filter various information sources and apply our clear investment process on top of it.There are two reasons for us to enter a trade: …our quant system tells us to do so …or we make a discretionary manager decision based on market fundamentals that the quant system will only grasp with a time-lagWhile not only moving sideways, the oil complex is currently drastically underperforming other parts of the commodity complex.

Be Careful With Metals & Why we currently don’t touch Oil Markets

<ul><li>Live and feeder cattle futures gapped lower on the open Friday, with some feeder cattle contracts touching even limit down - as panic selling hit the complex.</li><li>The reason for the panic selling: president Trump.</li><li>In an announcement on Thursday evening, Trump hinted that there could be a near-term deal reached to lower beef prices. How exactly such a deal would look like isn’t clear, though.</li></ul>

Live and feeder cattle futures gapped lower on the open Friday, with some feeder cattle contracts touching even limit down - as panic selling hit the complex.The reason for the panic selling: president Trump.In an announcement on Thursday evening, Trump hinted that there could be a near-term deal reached to lower beef prices. How exactly such a deal would look like isn’t clear, though.

<ul>
<li>3 global futures and options topics we covered included global equities, Brent, and Gold.  We review the topics discussed and look forward to another interesting month of volatility trades.</li>
<li>NK remains moderately interesting for NK vs MSCI World vol with the leadership change coming up, though deep downside swings would not be expected.</li>
<li>Were bullish on AI stocks, and highlighted a few favorites with some tactical options trades to monetize existing equity longs or put on new hedged volatility positions.</li>
</ul>


3 global futures and options topics we covered included global equities, Brent, and Gold.  We review the topics discussed and look forward to another interesting month of volatility trades.
NK remains moderately interesting for NK vs MSCI World vol with the leadership change coming up, though deep downside swings would not be expected.
Were bullish on AI stocks, and highlighted a few favorites with some tactical options trades to monetize existing equity longs or put on new hedged volatility positions.


A Rundown of the Last Month's Futures and Options, Stock Options Views

United States

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.

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Crude Oil (CL1 COM COMDTY)

Chevron Volatility: Options-Ready for Investor Day

Chevron's Q3 2025 shows strong operational momentum and record production, with potential for growth despite premium valuation. Investor Day next...

Jay Cameron

Trading ConocoPhillips Volatility, Oil Majors

An option trade: ConocoPhillips is making strategic M&A moves to achieve over $2B in savings by next year, aiming for a $7B increase in Free Cash...

Jay Cameron

Be Careful With Metals & Why we currently don’t touch Oil Markets

While not only moving sideways, the oil complex is currently drastically underperforming other parts of the commodity complex.

The Commodity Report

Did Trump Just Tank the Meat Markets?

Live and feeder cattle futures gapped lower on the open Friday, with some feeder cattle contracts touching even limit down - as panic selling hit...

The Commodity Report

A Rundown of the Last Month's Futures and Options, Stock Options Views

Global futures and options topics covered include global equities, Brent, and Gold, with a focus on volatility trades and unchanged views on Gold...

Jay Cameron

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Chevron Volatility: Options-Ready for Investor Day

​Chevron's Q3 2025 shows strong operational momentum and record production, with potential for growth despite premium valuation. Investor Day next...

Jay Cameron

Trading ConocoPhillips Volatility, Oil Majors

​An option trade: ConocoPhillips is making strategic M&A moves to achieve over $2B in savings by next year, aiming for a $7B increase in Free Cash...

Jay Cameron

Be Careful With Metals & Why we currently don’t touch Oil Markets

While not only moving sideways, the oil complex is currently drastically underperforming other parts of the commodity complex.

The Commodity Report

Did Trump Just Tank the Meat Markets?

Live and feeder cattle futures gapped lower on the open Friday, with some feeder cattle contracts touching even limit down - as panic selling hit...

The Commodity Report

A Rundown of the Last Month's Futures and Options, Stock Options Views

​Global futures and options topics covered include global equities, Brent, and Gold, with a focus on volatility trades and unchanged views on Gold...

Jay Cameron

Chevron's Q3 2025 shows strong operational momentum and record production, with potential for growth despite premium valuation. Investor Day next...

An option trade: ConocoPhillips is making strategic M&A moves to achieve over $2B in savings by next year, aiming for a $7B increase in Free Cash...

Global futures and options topics covered include global equities, Brent, and Gold, with a focus on volatility trades and unchanged views on Gold...