Nike (NKE) Offering Possible 6.61% Return Over the Next 24 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 6.61% return on risk over the next 24 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 $0.31 would be kept by the premium seller. The risk of $4.69 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 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's Tennis Match: Roger Federer and Michael Jordan
Thu, 28 Aug 2014 07:20:32 GMT
The Wall Street Journal – Nike arranged for former Chicago Bulls star Michael Jordan to attend Tuesday's match as part of a promotion for Roger Federer's new line of shoes.

Can Under Armour Steal Kevin Durant Away From Nike?
Wed, 27 Aug 2014 19:22:20 GMT

A Battle Brewing Between Adidas And Nike For Andy Murray?
Wed, 27 Aug 2014 12:38:00 GMT

Men like Nike, Skechers shoes
Tue, 26 Aug 2014 22:45:00 GMT

Under Armour Courts NBA Star To Pay Ticket Into Big Leagues
Tue, 26 Aug 2014 22:21:00 GMT

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