Nike (NKE) Offering Possible 10.62% Return Over the Next 11 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 10.62% return on risk over the next 11 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 $0.48 would be kept by the premium seller. The risk of $4.52 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 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

4 U.S. companies winning Singles Day
Tue, 11 Nov 2014 19:23:56 GMT

Why Nike's China Sales Are Seen Sprinting Ahead
Tue, 11 Nov 2014 18:22:00 GMT

Bank Of America Boosts Nike's Price Target As China Athletics Rebound
Tue, 11 Nov 2014 15:08:06 GMT

Wayfair's brand-building quest: CEO
Tue, 11 Nov 2014 11:35:00 GMT

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.

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