SNBR Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Rising implied volatility suggests potential upward movement, driven by positive product reception and upcoming earnings. SNBR's innovative designs could lead to renewed interest, positively impacting sales and stock price.




Bearish Case: Continued negative sentiment and historical underperformance indicate risks. High debt levels coupled with market skepticism might suppress price recovery and lead to further declines.




Potential Outcomes:

1. Positive earnings surprise (25% chance).

2. Market stability, leading to flat performance (30% chance).

3. Continued decline due to negative sentiment (45% chance).




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October 21, 2024


Sleep Number Forecast

SNBR        Sleep Number











Correlated Assets

Assets that tend to move strongly with SNBR



CME Forecast + Options Trading Strategies   CME  CME (0.56)


PCTY Forecast + Options Trading Strategies   PCTY  Paylocity (0.54)


MAT Forecast + Options Trading Strategies   MAT  Mattel (0.54)


RCUS Forecast + Options Trading Strategies   RCUS  Arcus Biosciences (0.52)


EWH Forecast + Options Trading Strategies   EWH  BlackRock Institutional Trust Company N.A. - iShares MSCI Hong Kong (0.51)



Uncorrelated Assets

Assets with little price relationship to SNBR



CHD Forecast + Options Trading Strategies   CHD  Church & Dwight Co. (0.0)


ACMR Forecast + Options Trading Strategies   ACMR  ACM Research (0.0)


ROKU Forecast + Options Trading Strategies   ROKU  Roku (0.0)


VSH Forecast + Options Trading Strategies   VSH  Vishay Intertechnology (-0.0)


IJH Forecast + Options Trading Strategies   IJH  BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap (0.0)



Anticorrelated Assets

Assets that tend to move strongly against SNBR



ACLS Forecast + Options Trading Strategies   ACLS  Axcelis (-0.37)


NBIX Forecast + Options Trading Strategies   NBIX  Neurocrine Biosciences (-0.37)


SVIX Forecast + Options Trading Strategies   SVIX  VS Trust - 1x Short VIX Futures (-0.38)


ESTC Forecast + Options Trading Strategies   ESTC  Elastic (-0.4)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (-0.43)









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