Nike Offering Possible 5.71% Return Over the Next 24 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $75.00 short call and a strike $80.00 long call offers a potential 5.71% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 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 rose above the $80.00 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 below 20 which suggests that the stock is in oversold 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

Personal Trainer, Worn On a Wrist
Wed, 29 Jan 2014 23:32:47 GMT
New York Times – The Force, new from Fitbit, opens a window on your exercise habits. But it still requires a good bit of work from you.

Kobe Bryant On Nike's New Flyknit Basketball Shoe, His Pedicure Routine, And Who He Thinks Will Win The Super Bowl
Wed, 29 Jan 2014 23:01:00 GMT
Forbes – Kobe is an expert on shoe design – and on paraffin wax pedicures.

Nike, Adidas, and Under Armour: The High-Stakes Game of Endorsements
Wed, 29 Jan 2014 19:22:23 GMT
Motley Fool – All three of these companies have landed big-name athletes over the years, but one of them is well out in front of its peers, which leads to massive brand exposure. On the other hand, another company might …

US midday: Stocks lower ahead of FOMC
Wed, 29 Jan 2014 18:51:00 GMT

Short-term bulls want Nike to sprint
Wed, 29 Jan 2014 10:16:43 GMT
optionMONSTER – Short-term traders ran with Nike yesterday. optionMONSTER's Heat Seeker system detected heavy buying in the Weekly 73 calls that expire at the end of Friday's session More than 5,400 of them traded, mostly …

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