Investors with a lot of money to spend have taken a bullish stance on Nike NKE.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NKE, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 17 uncommon options trades for Nike.
This isn't normal.
The overall sentiment of these big-money traders is split between 52% bullish and 47%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $541,030, and 9 are calls, for a total amount of $323,636.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $95.0 to $120.0 for Nike over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Nike options trades today is 2633.58 with a total volume of 1,685.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Nike's big money trades within a strike price range of $95.0 to $120.0 over the last 30 days.
Nike Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NKE | PUT | SWEEP | BULLISH | 06/20/25 | $95.00 | $157.4K | 5.6K | 0 |
| NKE | PUT | TRADE | BEARISH | 12/20/24 | $100.00 | $113.1K | 606 | 147 |
| NKE | PUT | TRADE | BEARISH | 12/20/24 | $105.00 | $77.2K | 643 | 80 |
| NKE | CALL | SWEEP | BULLISH | 07/19/24 | $100.00 | $52.4K | 375 | 0 |
| NKE | CALL | TRADE | BEARISH | 06/20/25 | $120.00 | $50.2K | 656 | 31 |
About Nike
Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
In light of the recent options history for Nike, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Nike's Current Market Status
- With a volume of 2,346,790, the price of NKE is down -0.55% at $104.42.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 34 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Nike with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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