Dick’s Sporting Goods Up 11.3% YTD as Options Anticipate 10.1% Swing
Dick’s Sporting Goods shares have rebounded after touching the 126-day moving average and are up 11.3% year-to-date ahead of Q1 earnings due May 27. Options traders are pricing in a 10.1% post-earnings swing and have pushed the 10-day put/call ratio to 1.20, higher than 73% of last-year readings.
1. Technical Support and Year-to-Date Performance
Shares recently rebounded after testing the 126-day moving average, which had capped gains since November, and have climbed 11.3% year-to-date as investors position ahead of Q1 results due May 27.
2. Historical Earnings Volatility
Over the past two years, Dick’s Sporting Goods has moved an average of 4.5% in the session following eight quarterly reports, with four declines including a 4.8% drop last August.
3. Options Traders’ Sentiment
Options volume shows elevated pessimism with the 10-day put/call ratio at 1.20, a level above 73% of readings in the last 12 months, while implied volatility reflects an expected 10.1% post-earnings swing.
4. Analyst Ratings and Volatility Score
Thirteen of 22 brokers rate the stock a buy or strong buy, leaving scope for bearish shifts if earnings disappoint, and the shares exhibit lower realized volatility versus implied levels, earning a 2/100 volatility score.