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GIL Forecast

Price Forecast:

Bearish <-> Bullish

Bullish Case: GIL shows a bullish case supported by low-to-medium implied volatility suggesting relative stability. If macro conditions stabilize, the liquidity in options may prompt significant upward price momentum, benefiting speculative traders.

Bearish Case: High near-term put volume and elevated implied volatility indicate market concern regarding potential macroeconomic impacts and management issues. These factors could suppress share price and investor confidence, creating a bearish outlook.

Potential Outcomes: Strong Q4 earnings exceed forecasts: 65% chance
Continued macroeconomic challenges limit growth: 25% chance
Management stability enhances investor approval: 10% chance

Trading Oracle: Consider implementing a bullish call debit spread, buying GIL 12/20/2024 50.00 C and selling 55.00 C. This capitalizes on potential volatility spikes and limited downside while leveraging expected price gains from upcoming earnings. Avoid spreads vulnerable to market turbulence.

December 05, 2024

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GIL Gildan Activewear

Price Forecast
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Correlated Assets

Assets that tend to move strongly with GIL

KKR KKR (0.96)

FTAI Fortress Transportation and Infrastructure Investors (0.96)

ISRG Intuitive Surgical (0.95)

SPLG SPDR Series Trust - SPDR Portfolio S&P 500 (0.95)

GDDY Godaddy (0.95)

Uncorrelated Assets

Assets with little price relationship to GIL

IJH BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap (0.0)

SRRK Scholar Rock (0.0)

DDOG Datadog (-0.0)

PENN Penn National Gaming (0.01)

BNO United States Commodity Funds LLC - United States Brent Crude Oil (0.01)

Anticorrelated Assets

Assets that tend to move strongly against GIL

APLS Apellis Pharmaceuticals (-0.9)

XRAY DENTSPLY Sirona (-0.91)

DLTR Dollar Tree (-0.91)

WBA Walgreens Boots Alliance (-0.92)

SPXS Direxion Daily S&P 500 Bear 3X Shares (-0.95)

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