DKS anchored VWAP levels

DICK'S Sporting Goods (DKS) reported earnings of 2.82 per share on revenue of 3.22 billion for the fiscal second quarter ended July 2023. The consensus earnings estimate was 3.76 per share on revenue of 3.23 billion. The company missed expectations by 30.37% while revenue grew 3.57% on a year-over-year basis. The company said it expects fiscal 2024 earnings of 11.50 to 12.30 per share. The company's previous guidance was earnings of 12.90 to 13.80 per share for the year ending January 31, 2024.

Someone shorted DKS ahead of earnings. When looking at DKS 9/8 expiry options data there was a 3.48 Put/Call Open Interest Ratio. When you compare the 9/8 expiry to other expiration dates 8/25, 9/1 & 9/15, it sticks out like a sore thumb. 3.48 in contrast to .82, .69 & .63 comparatively.


Here's DKS YTD anchored VWAP levels:

R3 = 160
R2 = 152
R1 = 144
YTD anchored VWAP = 136
S1 = 128
S2 = 119
S3 = 111

DKS options data:

8/25 expiry
Put Volume Total 10,894
Call Volume Total 9,928
Put/Call Volume Ratio 1.10
Put Open Interest Total 2,982
Call Open Interest Total 3,640
Put/Call Open Interest Ratio 0.82

9/1 expiry
Put Volume Total 504
Call Volume Total 931
Put/Call Volume Ratio 0.54
Put Open Interest Total 433
Call Open Interest Total 627
Put/Call Open Interest Ratio 0.69

9/8 expiry
Put Volume Total 100
Call Volume Total 323
Put/Call Volume Ratio 0.31
Put Open Interest Total 1,639
Call Open Interest Total 471
Put/Call Open Interest Ratio 3.48

9/15 expiry
Put Volume Total 1,014
Call Volume Total 1,713
Put/Call Volume Ratio 0.59
Put Open Interest Total 8,312
Call Open Interest Total 13,200
Put/Call Open Interest Ratio 0.63

Comment:

Comment:

DKS options data update:

8/25 expiry:
Put Volume Total 18,346
Call Volume Total 10,421
Put/Call Volume Ratio 1.76
Put Open Interest Total 10,536
Call Open Interest Total 9,703
Put/Call Open Interest Ratio 1.09

9/1 expiry:
Put Volume Total 2,794
Call Volume Total 2,186
Put/Call Volume Ratio 1.28
Put Open Interest Total 713
Call Open Interest Total 1,060
Put/Call Open Interest Ratio 0.67

9/8 expiry:
Put Volume Total 201
Call Volume Total 427
Put/Call Volume Ratio 0.47
Put Open Interest Total 1,727
Call Open Interest Total 735
Put/Call Open Interest Ratio 2.35

9/15 expiry:
Put Volume Total 2,986
Call Volume Total 6,058
Put/Call Volume Ratio 0.49
Put Open Interest Total 8,941
Call Open Interest Total 13,793
Put/Call Open Interest Ratio 0.65

Comment:

DKS far dated options data:

10/20 expiry:
Put Volume Total 2,291
Call Volume Total 1,664
Put/Call Volume Ratio 1.38
Put Open Interest Total 616
Call Open Interest Total 784
Put/Call Open Interest Ratio 0.79

12/15 expiry:
Put Volume Total 678
Call Volume Total 1,637
Put/Call Volume Ratio 0.41
Put Open Interest Total 1,355
Call Open Interest Total 1,599
Put/Call Open Interest Ratio 0.85

LEAPS 1/19 expiry:
Put Volume Total 701
Call Volume Total 952
Put/Call Volume Ratio 0.74
Put Open Interest Total 13,807
Call Open Interest Total 6,186
Put/Call Open Interest Ratio 2.23