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BKE Forecast


Bullish Case: BKE may rally due to a resurgence in consumer confidence and spending, leveraging its strong holiday sales projections, supported by an implied volatility drop indicating less perceived risk.



Bearish Case: If inflation persists and consumer spending declines, BKE could see a significant downturn, as high implied volatility reflects market skepticism about its earnings sustainability.



Potential Outcomes:
  • 60%: Economic recovery boosts consumer spending.
  • 30%: Inflation leads to reduced sales and a price drop.
  • 10%: Unexpected positive news drives significant stock surge.



Trading Oracle: Given the current market sentiment, consider a bearish credit spread strategy selling $45 P and buying $40 P, targeting March 2025 expiration. This exploits high implied volatility, offers a high reward:risk ratio, and capitalizes on potential downward price movement.


November 28, 2024


Buckle Forecast

BKE        Buckle

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Correlated Assets

Assets that tend to move strongly with BKE


KIM Forecast + Options Trading Strategies   KIM  Kimco Realty (0.86)


LUMN Forecast + Options Trading Strategies   LUMN  Lumen (0.85)


USB Forecast + Options Trading Strategies   USB  U.S. Bancorp. (0.83)


TZOO Forecast + Options Trading Strategies   TZOO  Travelzoo (0.82)


VRNA Forecast + Options Trading Strategies   VRNA  Verona Pharma (0.82)



Uncorrelated Assets

Assets with little price relationship to BKE


MSFT Forecast + Options Trading Strategies   MSFT  Microsoft (0.0)


UWMC Forecast + Options Trading Strategies   UWMC  UWM Holdings Corporation (0.0)


GOOG Forecast + Options Trading Strategies   GOOG  Alphabet (0.0)


ACAD Forecast + Options Trading Strategies   ACAD  Acadia Pharmaceuticals (-0.0)


EFA Forecast + Options Trading Strategies   EFA  BTC iShares MSCI EAFE (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against BKE


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (-0.7)


SMCI Forecast + Options Trading Strategies   SMCI  Super Micro Computer (-0.71)


LRCX Forecast + Options Trading Strategies   LRCX  Lam Research (-0.74)


TNK Forecast + Options Trading Strategies   TNK  Teekay Tankers (-0.74)


SIMO Forecast + Options Trading Strategies   SIMO  Silicon Motion Technology (-0.78)







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