Nike Offering Possible 14.94% Return Over the Next 24 Calendar Days

Nike's most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 14.94% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock dropped below the $70.00 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 above 80 which suggests that the stock is in overbought territory.

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 Football Unveils 2014 Korea National Team Kit
Thu, 27 Feb 2014 03:17:05 GMT
noodls – In line with Nike's commitment to superior performance with lower environmental impact, the shirt, short — and for the first time in a Korea national team kit, the socks — all feature fabric made from …

Nike Football Accelerates Innovation with 3D printed “Concept Cleat” fort Shuttle
Wed, 26 Feb 2014 17:49:39 GMT
noodls – Nike continues to push the limits of innovation and design by debuting its second football cleat built using 3D printing technology. The Nike Vapor HyperAgility Cleat, built for the shuttle drill (or 5-10-5), …

Dow Component Nike (NKE) To Go Ex-dividend Tomorrow
Wed, 26 Feb 2014 16:00:00 GMT

Vivint Taps Nike Veteran Jeff Lyman for Chief Marketing Officer
Wed, 26 Feb 2014 13:00:00 GMT
PR Newswire – PROVO, Utah, Feb. 26, 2014 /PRNewswire/ — Vivint, the largest home automation services provider in North America, today named Nike veteran Jeff Lyman as its chief marketing officer. As CMO, he will lead marketing and communication initiatives that elevate Vivint's brand awareness and drive adoption of its security, home automation, and energy management services. Before his promotion to CMO, Lyman served as Vivint's vice president of consumer experience, where he led the design of Vivint's innovative product experiences and the creation of new product verticals for Vivint's home automation portfolio. “This is a critical and exciting expansion period for Vivint, and Jeff's knowledge of our brand and mission, backed by his experience at Nike, will help streamline our message and expand Vivint's reach.”

Trader vs. Trader: Under Armour or Nike
Tue, 25 Feb 2014 17:30:00 GMT

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