Nike (NKE) Offering Possible 16.82% Return Over the Next 37 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 16.82% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock rose above the $67.50 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 below 20 which suggests that the stock is in oversold 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

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Tue, 12 Jan 2016 22:48:00 GMT

Mark G. Parker Elected to The Walt Disney Company Board of Directors
Tue, 12 Jan 2016 20:54:03 GMT
noodls – BURBANK, Calif. January 11, 2016-The Walt Disney Company (NYSE: DIS) Board of Directors has elected Mark G. Parker, the president and chief executive officer of Nike, Inc., as a director, effective immediately. …

Nike’s CEO Just Joined Disney’s Board
Tue, 12 Jan 2016 19:38:51 GMT

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Tue, 12 Jan 2016 19:11:40 GMT

Lululemon Retakes Key Level As Under Armour Crumbles
Tue, 12 Jan 2016 18:52:00 GMT

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