DKS Forecast + Trading Strategies


Bullish Case: DKS has shown strong historical performance, 50% gains YTD, raised Q1 earnings, and strategic expansions. Implied volatility is low, supporting a bullish outlook.


Bearish Case: High volatility, insider sales, and potential overvaluation with declining forecasts suggest downside risk. Implied volatility surfaces show heightened uncertainty.


Potential Outcomes: 1: Continued growth due to momentum (60%).

2: Price decline from overvaluation (40%). High historical price performance and recent gains bolster the bullish scenario.


Trading Oracle: Trade bullish debit spreads with a short-term outlook. Buy $215 call, sell $220 call expiring July 19, 2024. This strategy leverages current low implied volatility and historical return likelihood, offering high reward:risk ratio.


June 28, 2024


Dicks Sporting Goods Forecast

DKS      Dicks Sporting Goods











Correlated Assets

Assets that tend to move strongly with DKS



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.9)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.47)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.65)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.67)



Uncorrelated Assets

Assets with little price relationship to DKS



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.47)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.65)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.67)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.9)



Anticorrelated Assets

Assets that tend to move strongly against DKS



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.9)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.47)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.65)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.67)


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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