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MHK Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Strengthening consumer demand and potential positive earnings surprises forecasted for Q4. Implied volatility remains significantly higher than historical averages, suggesting market confidence in upward movement.



Bearish Case: Market uncertainty remains high, indicated by elevated implied volatility in out-of-the-money puts. Continued flat price action may deter investors, leading to profit-taking in near-term.



Potential Outcomes:

1) Positive earnings surprise: 30% chance.

2) Continued flat price performance: 40% chance.

3) Downside risk due to macro factors: 30% chance.



Trading Oracle: Optimally, initiate a bullish call debit spread by buying the December 20, 2024, $150 call and selling the $160 call. With a favorable implied volatility structure and a 70% odds of profit, this strategy maximizes exposure to potential upside while managing risk exposure effectively in current market conditions.


November 08, 2024


Mohawk Industries Forecast

MHK        Mohawk Industries

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Correlated Assets

Assets that tend to move strongly with MHK


ITB Forecast + Options Trading Strategies   ITB  BTC iShares U.S. Home Construction (0.97)


PHM Forecast + Options Trading Strategies   PHM  PulteGroup (0.95)


TOL Forecast + Options Trading Strategies   TOL  Toll Brothers (0.95)


KBH Forecast + Options Trading Strategies   KBH  KB Home (0.94)


UNM Forecast + Options Trading Strategies   UNM  Unum (0.93)



Uncorrelated Assets

Assets with little price relationship to MHK


HCC Forecast + Options Trading Strategies   HCC  Warrior Met Coal (-0.0)


OLPX Forecast + Options Trading Strategies   OLPX  Olaplex (-0.01)


FATE Forecast + Options Trading Strategies   FATE  Fate Therapeutics (0.01)


ACMR Forecast + Options Trading Strategies   ACMR  ACM Research (-0.01)


CNP Forecast + Options Trading Strategies   CNP  Centerpoint Energy (0.01)



Anticorrelated Assets

Assets that tend to move strongly against MHK


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.83)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.84)


OCSL Forecast + Options Trading Strategies   OCSL  Oaktree Specialty Lending (-0.84)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-0.84)


LABD Forecast + Options Trading Strategies   LABD  Direxion Daily S&P Biotech Bear 3X Shares (-0.88)


MHK 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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