OLLI Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Positive consumer sentiment and recent sales growth signal potential earnings surprises. With higher call volume and lower bearish risk, OLLI could rise, especially if Q4 performance exceeds expectations.




Bearish Case: High valuation concerns, coupled with elevated implied volatility and recent flat price action, suggest OLLI may face a downturn if market sentiment shifts negatively or economic indicators weaken further.




Potential Outcomes:

1) 60% chance of range-bound trading;

2) 25% chance for a bullish breakout driven by strong earnings;

3) 15% risk of a bearish reversal if inflation increases or consumer spending declines, reducing foot traffic.




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November 08, 2024


Ollies Bargain Outlet Forecast

OLLI        Ollies Bargain Outlet











Correlated Assets

Assets that tend to move strongly with OLLI



VRSK Forecast + Options Trading Strategies   VRSK  Verisk Analytics (0.85)


TJX Forecast + Options Trading Strategies   TJX  TJX Companies (0.84)


EPI Forecast + Options Trading Strategies   EPI  WisdomTree India Earnings (0.83)


EBS Forecast + Options Trading Strategies   EBS  Emergent Biosolutions (0.82)


STX Forecast + Options Trading Strategies   STX  Seagate Technology (0.82)



Uncorrelated Assets

Assets with little price relationship to OLLI



GLBE Forecast + Options Trading Strategies   GLBE  Global E Online (-0.0)


ABEO Forecast + Options Trading Strategies   ABEO  Abeona Therapeutics (-0.0)


SIRI Forecast + Options Trading Strategies   SIRI  Sirius XM (0.01)


AVXL Forecast + Options Trading Strategies   AVXL  Anavex Life Sciences (0.01)


ELF Forecast + Options Trading Strategies   ELF  e.l.f. Beauty (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against OLLI



LAC Forecast + Options Trading Strategies   LAC  Lithium Americas (-0.78)


BB Forecast + Options Trading Strategies   BB  BlackBerry (-0.78)


CBRL Forecast + Options Trading Strategies   CBRL  Cracker Barrel Old Country Store (-0.78)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.79)


DAR Forecast + Options Trading Strategies   DAR  Darling Ingredients (-0.82)









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