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SNBR Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: SNBR's high implied volatility (around 81.1%) suggests potential for significant upward movement. Anticipated sales growth from new product launches could catalyze price recovery.



Bearish Case: Continued negative sentiment and historical underperformance, coupled with high debt levels, may keep SNBR's price suppressed. Spiking implied volatility indicates persistent market skepticism.



Potential Outcomes:

1. New product success leads to +25% price surges (35% likelihood).

2. Market re-evaluates fundamentals, triggers +15% price bounce (30% likelihood).

3. Ongoing negative sentiment pushes price down -20% (35% likelihood).



Trading Oracle: Consider a bullish debit spread by buying the March 21, 2025, $15 call and selling the $17.50 call, exploiting high implied volatility. Positive edge with favorable risk/reward targeting significant upside as new product reception unfolds.


November 20, 2024


Sleep Number Forecast

SNBR        Sleep Number

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Correlated Assets

Assets that tend to move strongly with SNBR


DOCN Forecast + Options Trading Strategies   DOCN  DigitalOcean (0.6)


RVLV Forecast + Options Trading Strategies   RVLV  Revolve (0.58)


EWG Forecast + Options Trading Strategies   EWG  BlackRock Institutional Trust Company N.A. - iShares MSCI Germany (0.54)


FMC Forecast + Options Trading Strategies   FMC  FMC (0.53)


CNXN Forecast + Options Trading Strategies   CNXN  PC Connection (0.51)



Uncorrelated Assets

Assets with little price relationship to SNBR


UROY Forecast + Options Trading Strategies   UROY  Uranium Royalty (-0.0)


CVS Forecast + Options Trading Strategies   CVS  CVS Health (-0.0)


RGTI Forecast + Options Trading Strategies   RGTI  Rigetti Computing (0.0)


IMPP Forecast + Options Trading Strategies   IMPP  Imperial Petroleum (0.0)


CRNC Forecast + Options Trading Strategies   CRNC  Cerence (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against SNBR


AMR Forecast + Options Trading Strategies   AMR  Alta Mesa Resources (-0.31)


SIMO Forecast + Options Trading Strategies   SIMO  Silicon Motion Technology (-0.32)


TNK Forecast + Options Trading Strategies   TNK  Teekay Tankers (-0.32)


VRNT Forecast + Options Trading Strategies   VRNT  Verint Systems (-0.33)


TTC Forecast + Options Trading Strategies   TTC  Toro (-0.38)







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