Nike (NKE) Offering Possible 5.71% Return Over the Next 17 Calendar Days

Nike's most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 5.71% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock dropped below the $72.50 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 61.36 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

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Nike Introduces Boca Juniors' Home and Away Uniforms for the 2014-15 Season
Mon, 28 Jul 2014 14:23:15 GMT
noodls – Nike and Boca Juniors today unveiled the club's new kits, which will be worn on pitch at the first home match at the Bombonera as part of the First Division Championship 2014. Drawing inspiration from …

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