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DKS Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Strong holiday sales driven by seasonal hiring of 8,000 workers, alongside DKS's historical growth of 72.7% over two years, bolster an optimistic outlook for the stock’s price appreciation.



Bearish Case: Heightened implied volatility (up to 94.7%) and insider selling raise concerns over potential overvaluation and downside risks, suggesting a possible correction ahead.



Potential Outcomes:
  1. Continued growth driven by strong holiday sales (65%).
  2. Moderate decline due to volatility and profit-taking (25%).
  3. Severe drop from insider selling pressures (10%).



Trading Oracle: Consider a bullish debit spread by buying the $210 call and selling the $215 call expiring November 29, 2024. This targets potential upside during the holiday season at a 78% probability of profit, utilizing high volatility to ensure solid returns while maintaining a controlled risk profile.


November 24, 2024


Dicks Sporting Goods Forecast

DKS        Dicks Sporting Goods

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Correlated Assets

Assets that tend to move strongly with DKS


NTAP Forecast + Options Trading Strategies   NTAP  Netapp (0.75)


HCA Forecast + Options Trading Strategies   HCA  HCA Healthcare (0.75)


USD Forecast + Options Trading Strategies   USD  ProShares Ultra Semiconductors (0.75)


ASPN Forecast + Options Trading Strategies   ASPN  Aspen Aerogels (0.73)


TNDM Forecast + Options Trading Strategies   TNDM  Tandem Diabetes Care (0.73)



Uncorrelated Assets

Assets with little price relationship to DKS


UDN Forecast + Options Trading Strategies   UDN  Invesco DB US Dollar Index Bearish (-0.0)


AKBA Forecast + Options Trading Strategies   AKBA  Akebia Therapeutics (0.0)


JNJ Forecast + Options Trading Strategies   JNJ  Johnson & Johnson (-0.01)


FDMT Forecast + Options Trading Strategies   FDMT  4D Molecular Therapeutics (-0.01)


BWA Forecast + Options Trading Strategies   BWA  BorgWarner (0.01)



Anticorrelated Assets

Assets that tend to move strongly against DKS


U Forecast + Options Trading Strategies   U  Unity Software (-0.69)


MVIS Forecast + Options Trading Strategies   MVIS  Microvision (-0.69)


FRSH Forecast + Options Trading Strategies   FRSH  Freshworks (-0.7)


WMG Forecast + Options Trading Strategies   WMG  Warner Music (-0.7)


RHI Forecast + Options Trading Strategies   RHI  Robert Half International (-0.74)


DKS News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.







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