Nike (NKE) Offering Possible 13.38% Return Over the Next 6 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $68.50 short call and a strike $73.50 long call offers a potential 13.38% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $68.50 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $4.41 would be incurred if the stock rose above the $73.50 long call 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 58.39 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

A new generation of designers is pushing cultural change in footwear, apparel industry
Thu, 10 May 2018 22:13:39 +0000
A new generation of designers could bring the diversity and cultural change the footwear and apparel industry needs.

NIKE, Inc. Declares $0.20 Quarterly Dividend
Thu, 10 May 2018 20:15:00 +0000
NIKE, Inc. announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the company’s outstanding Class A and Class B Common Stock payable on July 5, 2018, to shareholders of record at the close of business on June 4, 2018.

To see how Asia’s manufacturing map is being redrawn, look at Nike and Adidas
Thu, 10 May 2018 17:36:19 +0000
Since 2010, Adidas has cut the share of footwear it makes in China in half. The country that has absorbed most of that business is Vietnam. A similar situation is playing out at Nike. A decade ago, China was its main footwear producer. Today, Vietnam owns that title. The sneaker giants are among the major…

Phil Knight on Nike growth, "shock" of harassment claims against execs
Thu, 10 May 2018 13:09:25 +0000
Nike, the world's largest sporting goods company, expects to bring in about $34 billion in revenue this year. Many of the world's best-known athletes like Michael Jordan, Tiger Woods and Serena Williams use Nike gear. But the company had more humble beginnings. Nike co-founder and "Shoe Dog" author Phil Knight joins "CBS This Morning" to discuss the company's growth and recent firings of executives amid harassment and discrimination allegations.

Phil Knight is "proud" of how Nike dealt with harassment allegations
Thu, 10 May 2018 10:27:28 +0000
The "Shoe Dog" author chronicles the company's humble beginnings, staring with a $50 loan from his father

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