Nike Offering Possible 17.1% Return Over the Next 33 Calendar Days

Nike's most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 17.1% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.73 would be kept by the premium seller. The risk of $4.27 would be incurred if the stock dropped below the $70.00 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 66.14 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nike

3 Ways Wearable Technology Could Revolutionize Human Health Over the Next 10 Years
Mon, 18 Nov 2013 17:40:02 GMT
Motley Fool – Wearable tech is the tech industry's favorite buzzword these days. However, the adoption of new wearable tech will also impact the health care industry over the next decade. Let's take a look at how new …

NKE July 2014 Options Begin Trading
Mon, 18 Nov 2013 17:27:00 GMT
Forbes – Investors in Nike (NYSE: NKE) saw new options become available today, for the July 2014 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 243 days until expiration the newly available contracts represent a potential […]

3 Dividend Growth Companies with Rock Solid Fundamentals
Sun, 17 Nov 2013 12:45:02 GMT
Motley Fool – Nike, Coca-Cola and Walgreen offer not only solid dividend track records, but also the fundamental strength to continue raising payments over years to come.

The Subtleties Behind the Company Logos of Coca-Cola, Apple, Nike, and Amazon
Sat, 16 Nov 2013 13:04:26 GMT
Motley Fool – Company logos for Amazon, Coca-Cola, Nike, and Apple garner immediate recognition. But these logos do more than that. Here's what that label actually says.

Cramer sees a positive read on the consumer
Fri, 15 Nov 2013 23:00:00 GMT
CNBC – Mad Money host Jim Cramer discusses big retailers reporting earnings next week that could set the tone for the end of the year including Best Buy, Home Depot, and Dick's Sporting Goods.

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