Nike (NKE) Offering Possible 22.85% Return Over the Next 11 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $134.00 short call and a strike $139.00 long call offers a potential 22.85% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $134.00 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock rose above the $139.00 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 70.86 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 Reveals College Football Playoff Uniform Looks
Mon, 07 Dec 2015 09:27:12 GMT
noodls – The Clemson Tigers, Alabama Crimson Tide, Michigan State Spartans and Oklahoma Sooners will all wear Nike Mach Speed uniforms during the College Football Playoff, each featuring a fractal diamond Swoosh …

Nike, Inc. Stock vs. Under Armour, Inc. Stock in 3 Key Metrics
Sun, 06 Dec 2015 18:20:00 GMT

Soccer schools and boardroom deals: China's play for World Cup glory
Sun, 06 Dec 2015 03:09:58 GMT

Nike Sprints Ahead With Growing Dividends and Buybacks
Sat, 05 Dec 2015 14:45:00 GMT

World Track and Field Chief Questioned Over Nike Relationship
Fri, 04 Dec 2015 23:03:07 GMT

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