Nike (NKE) Offering Possible 11.86% Return Over the Next 17 Calendar Days

Nike's most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $86.00 short put and a strike $81.00 long put offers a potential 11.86% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $86.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock dropped below the $81.00 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 67.5 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 Delays Launch of LeBron 12s
Thu, 02 Oct 2014 03:53:09 GMT

Where Adidas is stumbling, and Nike is gaining
Wed, 01 Oct 2014 20:47:00 GMT

Holiday Shopping May Favor Hot Stocks, Apple iPhone 6
Wed, 01 Oct 2014 20:46:00 GMT

Can any company possibly beat Nike?
Wed, 01 Oct 2014 20:37:43 GMT

Nike Set to Come Back
Wed, 01 Oct 2014 15:14:00 GMT

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