Nike (NKE) Offering Possible 27.23% Return Over the Next 10 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $133.00 short call and a strike $138.00 long call offers a potential 27.23% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $133.00 by expiration. The full premium credit of $1.07 would be kept by the premium seller. The risk of $3.93 would be incurred if the stock rose above the $138.00 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 66.8 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

Anglo American Suspends Dividend Amid Commodities Rout
Tue, 08 Dec 2015 10:30:00 GMT

Til Death Do Nike And LeBron James Part
Tue, 08 Dec 2015 02:03:00 GMT

Here Are Monday's Top 4 Late-Trade Newsmakers
Mon, 07 Dec 2015 23:39:00 GMT

After-hours buzz: Chipotle, Staples, Nike & more
Mon, 07 Dec 2015 23:29:00 GMT

[$$] Nike Signs Lifetime Endorsement Deal With LeBron James
Mon, 07 Dec 2015 23:17:48 GMT

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