MHK Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Strong earnings forecasts alongside improving market conditions and increased consumer demand suggest potential upward momentum for MHK in the near term.




Bearish Case: High implied volatility and flat recent price action indicate significant market anxiety, raising concerns about potential downward price movements in response to macroeconomic pressures.




Potential Outcomes:

1. Strong earnings performance with a 30% chance.

2. Continued flat performance due to mixed signals at 40%.

3. Further decline influenced by macroeconomic issues at 30%.




Trading Oracle: Target a bullish strategy by initiating a call debit spread, buying the January 2025 $135 call and selling the $145 call. This takes advantage of elevated implied volatility and current market sentiment, with high reward-to-risk dynamics.



December 06, 2024


Mohawk Industries Forecast

MHK        Mohawk Industries











Correlated Assets

Assets that tend to move strongly with MHK



ITB Forecast + Options Trading Strategies   ITB  BTC iShares U.S. Home Construction (0.95)


PHM Forecast + Options Trading Strategies   PHM  PulteGroup (0.94)


ICE Forecast + Options Trading Strategies   ICE  Intercontinental Exchange (0.89)


NAIL Forecast + Options Trading Strategies   NAIL  Direxion Daily Homebuilders & Supplies Bull 3X Shares (0.88)


FE Forecast + Options Trading Strategies   FE  Firstenergy (0.87)



Uncorrelated Assets

Assets with little price relationship to MHK



CCJ Forecast + Options Trading Strategies   CCJ  Cameco (0.0)


IJH Forecast + Options Trading Strategies   IJH  BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap (0.01)


HIVE Forecast + Options Trading Strategies   HIVE  HIVE Blockchain (-0.01)


TMF Forecast + Options Trading Strategies   TMF  Direxion Daily 20+ Year Treasury Bull 3X Shares (-0.01)


GEF Forecast + Options Trading Strategies   GEF  Greif (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against MHK



ABCL Forecast + Options Trading Strategies   ABCL  AbCellera Biologics (-0.78)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.78)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-0.79)


AMR Forecast + Options Trading Strategies   AMR  Alta Mesa Resources (-0.8)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.81)









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