Nike (NKE) Offering Possible 16.28% Return Over the Next 30 Calendar Days

Nike's most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 16.28% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $95.00 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

Nike (NKE) Stock Sinks As Market Gains: What You Should Know
Mon, 17 Aug 2020 21:50:09 +0000
In the latest trading session, Nike (NKE) closed at $105.66, marking a -0.72% move from the previous day.

How Nike Is Positioning For a Big Comeback Beyond Coronavirus
Sat, 15 Aug 2020 14:58:17 +0000
Shares of Nike (NYSE: NKE) have rebounded since the lows in March, currently up 5% year to date. At one point, the stock had lost more than a third of its value, but the reopening of stores and optimism about a comeback next year has investors feeling much better about Nike's business. While near-term pressures on the consumer will likely weigh on revenue growth, Nike is centering its business around digital channels to position for growth beyond the crisis.

Is Nike a Great Dividend Stock?
Sat, 15 Aug 2020 13:30:00 +0000
The sportswear giant has paid a dividend every year for more than three decades, and that streak should survive the coronavirus pandemic.

Stocks Likely to Survive the U.S.-China Decoupling
Fri, 14 Aug 2020 21:38:00 +0000
Investors have largely shrugged off the escalating tensions between the U.S. and China. They shouldn’t. Watch for these risks and opportunities.

Dow Jones Drifts Higher; Three Leaderboard Stocks In Buy Zones
Fri, 14 Aug 2020 20:22:58 +0000
The Dow Jones rose in today's stock market while several Leaderboard stocks traded in buy range.

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