Nike (NKE) Offering Possible 9.69% Return Over the Next 9 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $73.00 short call and a strike $79.00 long call offers a potential 9.69% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $73.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $5.47 would be incurred if the stock rose above the $79.00 long call strike price.

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

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

The RSI indicator is at 37.29 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 Climbed 38,673% On A Powerful Brand, Innovation
Thu, 10 Apr 2014 22:21:00 GMT

The Masters: Tiger Woods out, Callaway Golf up
Thu, 10 Apr 2014 19:08:00 GMT

NikeFuel integration is coming to MyFitnessPal, RunKeeper and Strava
Thu, 10 Apr 2014 18:17:00 GMT

Best Buy in Sports Apparel: Nike, Under Armour, or Lululemon?
Thu, 10 Apr 2014 18:02:00 GMT

NIKE INC Financials
Thu, 10 Apr 2014 17:04:10 GMT

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