Nike (NKE) Offering Possible 25.63% Return Over the Next 10 Calendar Days

Nike's most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $123.00 short put and a strike $118.00 long put offers a potential 25.63% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $123.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $3.98 would be incurred if the stock dropped below the $118.00 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 68.92 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

[$$] One Chinese Sector That's Still in the Game
Tue, 06 Oct 2015 11:11:52 GMT

Nike, footwear industry, ready for TPP windfall
Mon, 05 Oct 2015 22:05:23 GMT

S&P 500 gains for fifth session in longest winning streak for 2015
Mon, 05 Oct 2015 21:20:51 GMT
MarketWatch – The S&P 500 rises for a fifth session in a row, its longest winning streak this year, as a string of economic data appear to push back the timing of a Federal Reserve rate hike to 2016.

NIKE, Inc. to Host Investor Day on October 14, 2015
Mon, 05 Oct 2015 20:15:00 GMT
Business Wire – NIKE, Inc. will be hosting an investor day on Wednesday, October 14, 2015 at its world headquarters. NIKE, Inc. President and Chief Executive Officer, Mark Parker, and other members of the executive management team will provide an overview of the Company’s long-term strategy and key initiatives to deliver sustainable, profitable growth.

JC Penney: It's Not Just About Stabilizing the Company Anymore
Mon, 05 Oct 2015 15:44:00 GMT

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