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AI UAA Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: UAA is poised for recovery driven by increasing brand visibility from upcoming product launches and renewed endorsements, supported by positive market sentiment and an upward trend in implied volatility, indicating growing confidence.



Bearish Case: Continued high inventory levels and fierce competition could drive UAA's stock lower, coupled with market skepticism and potential sales stagnation as consumer demand remains muted amid financial uncertainties.



Potential Outcomes:

1. 50% chance of price stabilization due to strategic initiatives.

2. 30% chance of recovery if new products perform well.

3. 20% chance of decline driven by high inventory and weak market conditions.



Trading Oracle: Consider a bullish debit spread by buying UAA $10 calls and selling $11 calls, expiring in ~30 days. Positive edge expected from growing implied volatility. High volume in calls indicates increasing bullish sentiment, supporting a moderate risk-reward ratio. Optimize for the potential price rebound.


October 20, 2024


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UAA        Under Armour

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Assets that tend to move strongly with UAA


UA Forecast + Options Trading Strategies   UA  Under Armour (0.98)


VSCO Forecast + Options Trading Strategies   VSCO  Victoria's Secret (0.82)


MCD Forecast + Options Trading Strategies   MCD  McDonald's (0.75)


CCOI Forecast + Options Trading Strategies   CCOI  Cogent Communications (0.71)


FL Forecast + Options Trading Strategies   FL  Foot Locker (0.71)



Uncorrelated Assets

Assets with little price relationship to UAA


ATO Forecast + Options Trading Strategies   ATO  Atmos Energy (0.0)


HRTG Forecast + Options Trading Strategies   HRTG  Heritage Insurance (-0.0)


UVE Forecast + Options Trading Strategies   UVE  Universal Insurance (-0.0)


BBWI Forecast + Options Trading Strategies   BBWI  Bath & Body Works (-0.0)


HBI Forecast + Options Trading Strategies   HBI  Hanesbrands (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against UAA


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (-0.65)


USO Forecast + Options Trading Strategies   USO  United States Commodity Funds (-0.65)


BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (-0.65)


CGC Forecast + Options Trading Strategies   CGC  Canopy Growth (-0.65)


STAA Forecast + Options Trading Strategies   STAA  Staar Surgical (-0.73)







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