BOOT Forecast + Trading Strategies


Bullish Case: BOOT's bullish risk is 63% higher than bearish risk, indicating strong upward momentum. Consistent historical gains and active institutional interest reinforce positive outlook.


Bearish Case: Market correction remains a threat with elevated implied volatility and price near resistance at $130. Negative divergence on Helium-Market Volatility suggests potential sell-off risk.


Potential Outcomes:

1. Sales growth continues driving stock higher (40%).

2. Market corrects perceived overvaluation triggering sell-off (30%).

3. Macroeconomic headwinds cause volatility (30%).


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June 25, 2024


Boot Barn Forecast

BOOT      Boot Barn











Correlated Assets

Assets that tend to move strongly with BOOT



SG Forecast + Options Trading Strategies   SG  Sweetgreen (0.91)


CRTO Forecast + Options Trading Strategies   CRTO  Criteo (0.89)


PRM Forecast + Options Trading Strategies   PRM  Perimeter Solutions SA (0.89)


SMTC Forecast + Options Trading Strategies   SMTC  Semtech (0.88)


RDW Forecast + Options Trading Strategies   RDW  Redwire (0.87)



Uncorrelated Assets

Assets with little price relationship to BOOT



VCLT Forecast + Options Trading Strategies   VCLT  Vanguard Long-Term Corporate Bond (0.0)


BEAM Forecast + Options Trading Strategies   BEAM  Beam Therapeutics (-0.0)


ZROZ Forecast + Options Trading Strategies   ZROZ  PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded (-0.0)


PRGO Forecast + Options Trading Strategies   PRGO  Perrigo (0.0)


ESTC Forecast + Options Trading Strategies   ESTC  Elastic (0.01)



Anticorrelated Assets

Assets that tend to move strongly against BOOT



CNXC Forecast + Options Trading Strategies   CNXC  Concentrix (-0.72)


LULU Forecast + Options Trading Strategies   LULU  Lululemon Athletica inc. (-0.74)


NFE Forecast + Options Trading Strategies   NFE  New Fortress Energy (-0.79)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (-0.79)


DAVA Forecast + Options Trading Strategies   DAVA  Endava plc (-0.79)





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