Footwear Stock Surges on Strong Hoka Sales

Core Insights - Deckers Outdoor Corp (NYSE: DECK) reported better-than-expected fiscal second-quarter earnings and revenue, leading to a surge in stock price and an increase in full-year guidance [1] - Strong demand for the Hoka brand significantly contributed to the positive results, prompting six analysts to raise their price targets for the stock [1] - The stock rose by 12.2% to $170.63, marking its fifth consecutive quarter of post-earnings gains and a year-to-date increase of 53.5% [1] Stock Performance - Deckers Outdoor stock is currently trading at its highest levels since mid-June, supported by the ascending 200-day moving average, which has captured pullbacks since early August [1] - The options market is active, with 17,000 calls and 6,488 puts exchanged, representing 3.5 times the average daily options volume [1] - The most popular options include the weekly 10/25 185-strike call and the 172.50-strike call, with new positions being sold to open at the latter [1] Volatility Insights - The stock's Schaeffer's Volatility Scorecard (SVS) is 96 out of 100, indicating that it has tended to exceed options traders' volatility expectations over the past year [2]