Nike (NKE) Offering Possible 20.77% Return Over the Next 29 Calendar Days

Nike's most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 20.77% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.86 would be kept by the premium seller. The risk of $4.14 would be incurred if the stock dropped below the $90.00 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 79.92 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

Does Nike (NKE) Stock Look Like a Buy Ahead of Q2 Earnings?
Wed, 18 Dec 2019 00:07:12 +0000
Nike (NKE) will report its second quarter fiscal 2020 performance after the closing bell on Thursday, December 19.

Transgender former Nike contractor alleges gender discrimination, harassment
Tue, 17 Dec 2019 20:32:08 +0000
Lyles claims Nike and Mainz Brady, a technology staffing firm, failed to protect her from repeated gender-based discrimination at work.

Can Continued Segmental Growth Aid NIKE (NKE) in Q2 Earnings?
Tue, 17 Dec 2019 16:32:29 +0000
NIKE's (NKE) second-quarter fiscal 2020 results are likely to reflect growth in North America and Greater China as well as progress in Consumer Direct Offense strategy.

Here's How Large Nike Option Traders Are Positioning Ahead Of Earnings
Tue, 17 Dec 2019 15:15:09 +0000
Nike Corporation (NYSE: NKE) shares are trading higher this week and are now up 33.5% year to date. On Monday, Benzinga Pro subscribers received six option alerts related to unusually large trades of Nike options. At 10:21 a.m., a trader sold 1,600 Nike put options with a $95 strike price expiring on Jan. 17 at the bid price of $1.341.

Stock Market Turns Mixed, As Boeing Weighs On The Dow Jones Industrial Average
Tue, 17 Dec 2019 15:14:53 +0000
The major stock indexes were mostly lower early Tuesday, as they threatened to snap four-day win streaks. Boeing stock fell on 737 Max jet news.

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