GES Forecast + Trading Strategies


Bullish Case: GES has strong historical price returns and is trending upwards, supported by consumer interest in retro fashion. High call volume suggests market optimism, enhancing bullish sentiment.


Bearish Case: Market volatility remains elevated with high implied volatility across the term structure, indicating potential risks and fluctuations. Consumer discretionary trends and economic uncertainties could dampen demand.


Potential Outcomes:

1. Positive earnings surprise (30% chance) due to effective marketing and strong sales.

2. Market correction leading to price dip (35% chance), driven by economic factors.

3. Continued moderate growth in line with fashion trends (35% chance).


Trading Oracle: Adopt a bullish stance via long call debit spreads around $23 strike with September 2024 expiration. Aim for high volatility capture given implied volatility edges; this strategy offers excellent risk/reward with positive edge, particularly in the near-term bullish outlook.


July 25, 2024










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OSK Forecast + Options Trading Strategies   OSK  Oshkosh (0.77)


CSGP Forecast + Options Trading Strategies   CSGP  Costar Group (0.76)


IQV Forecast + Options Trading Strategies   IQV  IQVIA (0.75)


TREX Forecast + Options Trading Strategies   TREX  TREX Co. (0.75)



Uncorrelated Assets

Assets with little price relationship to GES



OLMA Forecast + Options Trading Strategies   OLMA  Olema Pharmaceuticals (-0.0)


MAG Forecast + Options Trading Strategies   MAG  MAG Silver (0.0)


PLNT Forecast + Options Trading Strategies   PLNT  Planet Fitness (-0.01)


SKLZ Forecast + Options Trading Strategies   SKLZ  Skillz (0.01)


PCG Forecast + Options Trading Strategies   PCG  PG&E (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against GES



CHRW Forecast + Options Trading Strategies   CHRW  C.H. Robinson Worldwide (-0.62)


AMC Forecast + Options Trading Strategies   AMC  AMC Entertainment (-0.66)


AGL Forecast + Options Trading Strategies   AGL  Agilon Health (-0.66)


HUM Forecast + Options Trading Strategies   HUM  Humana (-0.68)


ACLS Forecast + Options Trading Strategies   ACLS  Axcelis (-0.73)





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