Nike (NKE) Offering Possible 13.64% Return Over the Next 8 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $99.00 short call and a strike $104.00 long call offers a potential 13.64% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $99.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock rose above the $104.00 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 44.24 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

Cramer: Oil pain trumps consumer pleasure
Fri, 12 Dec 2014 23:00:00 GMT

Under Armour Revenues: Sources And Prospects Overseas
Fri, 12 Dec 2014 21:00:11 GMT

Cramer's Stop Trading: LULU envy
Fri, 12 Dec 2014 14:52:00 GMT

Stifel Raises Nike's Price Target Ahead Of Q2 Print
Fri, 12 Dec 2014 13:19:53 GMT

Nike just lost its CIO because of Portland
Thu, 11 Dec 2014 22:37:19 GMT

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