Nike (NKE) Offering Possible 15.74% 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 $90.50 short call and a strike $95.50 long call offers a potential 15.74% 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 $90.50 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock rose above the $95.50 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 27.53 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's New CEO Says Sports Can Help Unify Society
Mon, 04 Nov 2019 21:00:21 +0000
Nov.04 — John Donahoe, chairman of the board at PayPal and the incoming CEO at Nike, talks about his time at Stanford University, criticism of Silicon Valley, and what he hopes to accomplish at Nike. He talks with Bloomberg's Jason Kelly and Carol Massar.

Oregon business and civic leaders reflect on Gert Boyle's legacy
Mon, 04 Nov 2019 20:30:04 +0000
Nike co-founder Phil Knight called Gert Boyle "one of a kind" and noted her generous philanthropic gifts.

Hawks hope 'Peachtree Edition' uniforms aid retail growth spurt
Mon, 04 Nov 2019 17:22:04 +0000
The Hawks are hoping Atlanta's love of all things Peachtree will to continue to drive up the team’s jersey sales.

Under Armour: Accounting Probe Overshadows Q3 Beat
Mon, 04 Nov 2019 13:55:29 +0000
Under Armour is under investigation for its accounting practices. The company might have inflated quarterly sales numbers.

UPDATE 1-Athletics-Record-busting shoes loom large in marathon debate
Sat, 02 Nov 2019 01:37:55 +0000
A shoe debate is raging ahead of Sunday's New York City Marathon after high-tech sneakers played starring roles in two of the biggest distance-running achievements this year. Eliud Kipchoge's sub-two-hour marathon in Vienna and Brigid Kosgei's record-breaking run at the Chicago Marathon last month brought the Nike Vaporfly shoes into focus, sparking heated debate over whether the hyper-advanced footwear gave an unfair advantage. Shalane Flanagan, who won in New York in 2017, told Reuters the running community should “always question what’s going on” in her sport but said the debate should not overshadow individual performances.

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