MNRO Forecast


Bullish Case: MNRO can see gains driven by renewed market confidence, mean-reverting price action, and potential margin improvement.


Bearish Case: Concerns around decreased earnings, economic headwinds, and high implied volatility signal potential further downside risk.


Potential Outcomes: 55% chance of restricted growth due to economic constraints, 35% probability of unexpectedly positive strategic moves, 10% chance of wildcard events.


Trading Oracle: Adopt a long debit spread strategy, focusing on the $24 to $28 range over a 60-day outlook. This leverages potential upward shifts while mitigating risks from volatility.


July 16, 2024


Monro Forecast

MNRO      Monro











Correlated Assets

Assets that tend to move strongly with MNRO



LI Forecast + Options Trading Strategies   LI  Li Auto (0.62)


VFC Forecast + Options Trading Strategies   VFC  VF (0.6)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.27)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.29)



Uncorrelated Assets

Assets with little price relationship to MNRO



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.27)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.29)


VFC Forecast + Options Trading Strategies   VFC  VF (0.6)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.62)



Anticorrelated Assets

Assets that tend to move strongly against MNRO



LI Forecast + Options Trading Strategies   LI  Li Auto (0.62)


VFC Forecast + Options Trading Strategies   VFC  VF (0.6)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.27)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.29)





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