Nike (NKE) Offering Possible 27.23% Return Over the Next 16 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $137.00 short call and a strike $142.00 long call offers a potential 27.23% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $137.00 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 $142.00 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 31.13 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 launches its first fully hands-free shoe, the GO FlyEase
Mon, 01 Feb 2021 23:38:30 +0000
Nike has unveiled its first fully ‘hands-free' shoe, the GO FlyEase.

Dow Jones Stocks To Buy And Watch In February 2021: Apple, Microsoft Jump
Mon, 01 Feb 2021 21:34:33 +0000
Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in February 2021.

Retailers Cut Debt and Dividends. The Trend Might Not Last.
Mon, 01 Feb 2021 18:46:00 +0000
Retailers have reduced net debt burdens since early last year. The implications for investors of the cash hoarding aren't entirely clear, however.

Crocs’ Business Is Booming — Here’s How Its Newest Hire Can Help Accelerate That Growth
Mon, 01 Feb 2021 17:42:56 +0000
Emma Minto previously spent 16 years at Nike in a range of leadership roles.

3 Catalysts for Nike in 2021
Sat, 30 Jan 2021 14:30:00 +0000
Despite Nike's (NYSE: NKE) stock price surging 30% over the last 12 months, 2020 was a mixed bag for the swoosh. Store closures weighed on sales, but investors have high expectations for Nike's digital business, which has tremendous momentum right now. Nike's digital sales growth over the last three quarters has been off the charts, up 79% (Q4 2020), 83% (Q1 2021), and 80% (Q2 2021) year over year on a currency-neutral basis.

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