DKS SHORT SETUP for earnings

2022년 8월 22일

DKS has had increasing prices since the last earnings when it beat the estimates.

However, the price is ascending in a rising wedge which may suggest a breakdown.

While a breakout is possible it is less probable than a breakdown.

The chart has the rising wedge drawn in. The RSI indicator is suggestive

of bearish divergence in the past week. This may forecast a reversal in

the immediate term i.e. a breakdown.

All in all, I will take a put option with an expiration of September 2nd

at strike of $105 and watch for a reaction to earnings which ger reported

this week.

.DKS