HIBB Forecast


Bullish Case: The volatility surface indicates potential for a HIBB price rally, especially with short-term bullish sentiment. Positive earnings revisions and a strong sales outlook enhance growth prospects, risking high implied volatility for upside. Strong historical performance further supports this.


Bearish Case: Despite the bullish indicators, current market uncertainty coupled with declining consumer sentiment could drive HIBB lower. Implied volatility suggests significant market skepticism, and any negative earnings reports may spark sell-offs, weighing heavily on stock performance.


Potential Outcomes:

1. 40% chance of a price rebound, driven by strong upcoming earnings.

2. 35% chance of price stagnation due to continued market uncertainty.

3. 25% chance of decline due to negative macroeconomic factors impacting retail.


Trading Oracle: Consider initiating a bullish debit spread using HIBB call options, targeting the $90 strike, expiring September 2024. High implied volatility suggests potential for a sharp upward move. This strategy leverages the market's bullish sentiment while keeping the risk manageable.


July 27, 2024


Hibbett Sports Forecast

HIBB      Hibbett Sports











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ANF Forecast + Options Trading Strategies   ANF  Abercrombie & Fitch (0.96)



Uncorrelated Assets

Assets with little price relationship to HIBB



ZG Forecast + Options Trading Strategies   ZG  Zillow (0.0)


OHI Forecast + Options Trading Strategies   OHI  Omega Healthcare Investors (0.0)


ADP Forecast + Options Trading Strategies   ADP  Automatic Data Processing (-0.0)


VIPS Forecast + Options Trading Strategies   VIPS  Vipshop (0.01)


BILI Forecast + Options Trading Strategies   BILI  Bilibili (0.01)



Anticorrelated Assets

Assets that tend to move strongly against HIBB



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SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.94)


MED Forecast + Options Trading Strategies   MED  Medifast (-0.94)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.94)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.95)





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