Nike (NKE) Offering Possible 11.36% Return Over the Next 12 Calendar Days

Nike's most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $94.00 short put and a strike $89.00 long put offers a potential 11.36% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $94.00 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock dropped below the $89.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Nike is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Nike is bullish.

The RSI indicator is at 74.71 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Nike

NIKE, Inc. Announces New President of NIKE Golf
Fri, 07 Nov 2014 22:00:00 GMT
Business Wire – NIKE, Inc. announced today that Daric Ashford will become President of NIKE Golf.

LeBron: A Shoo-In Footwear Brand
Fri, 07 Nov 2014 21:36:00 GMT

Will Nike (NKE) Stock Be Helped by This New Analyst Coverage?
Fri, 07 Nov 2014 14:41:00 GMT

Puma footwear sales recover amid marketing push
Fri, 07 Nov 2014 11:02:36 GMT

Coverage initiated on NIKE by FBR Capital
Fri, 07 Nov 2014 10:57:19 GMT

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