Nike (NKE) Offering Possible 23.76% Return Over the Next 20 Calendar Days

Nike's most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $109.00 short put and a strike $104.00 long put offers a potential 23.76% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $109.00 by expiration. The full premium credit of $0.96 would be kept by the premium seller. The risk of $4.04 would be incurred if the stock dropped below the $104.00 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, Inc. Announces First Quarter Fiscal 2021 Earnings and Conference Call
Thu, 27 Aug 2020 20:15:00 +0000
NIKE, Inc. (NYSE: NKE) plans to release its first quarter fiscal 2021 financial results on Tuesday, September 22, 2020, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results.

These Hedge Funds Cashed Out Of NIKE, Inc. (NKE) Too Soon
Thu, 27 Aug 2020 15:10:44 +0000
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

Active Brands Reexamining Endorsement Deals in Intermittent Sports World
Thu, 27 Aug 2020 04:01:08 +0000
With pro sports teams playing to empty stadiums, some athletic companies are looking for nonathletic personalities to endorse their brands.

Inside Nike’s New Community Store in L.A.’s Watts Neighborhood
Thu, 27 Aug 2020 04:01:05 +0000
Nike hired 85 percent of the staff from within three miles of the store, is allocating paid volunteer hours for employees to give back and supporting local organizations through an employee-led grant program.

S&P 500, Nasdaq Touch New Highs; Tech Stocks Lead
Wed, 26 Aug 2020 18:07:31 +0000
The Dow Jones Industrial Average traded slightly higher in today's stock market while the S&P; 500 and Nasdaq hit fresh record highs.

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