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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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EFA Forecast + Options Trading Strategies   EFA  BTC iShares MSCI EAFE (0.67)



Uncorrelated Assets

Assets with little price relationship to DKS


LRCX Forecast + Options Trading Strategies   LRCX  Lam Research (-0.0)


IVR Forecast + Options Trading Strategies   IVR  Invesco Mortgage (-0.01)


NCNO Forecast + Options Trading Strategies   NCNO  Ncino (0.01)


FOSL Forecast + Options Trading Strategies   FOSL  Fossil (0.01)


TTWO Forecast + Options Trading Strategies   TTWO  Take-Two Interactive Software (0.01)



Anticorrelated Assets

Assets that tend to move strongly against DKS


WW Forecast + Options Trading Strategies   WW  WW International (-0.61)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.61)


MVIS Forecast + Options Trading Strategies   MVIS  Microvision (-0.62)


FSLY Forecast + Options Trading Strategies   FSLY  Fastly (-0.63)


GTLB Forecast + Options Trading Strategies   GTLB  Gitlab (-0.64)







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