Whales with a lot of money to spend have taken a noticeably bearish stance on Nike.
Looking at options history for Nike NKE we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $149,550 and 8, calls, for a total amount of $308,336.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $80.0 for Nike over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Nike options trades today is 6013.86 with a total volume of 5,769.00.
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 $50.0 to $80.0 over the last 30 days.
Nike Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NKE | PUT | SWEEP | BULLISH | 12/20/24 | $6.3 | $6.2 | $6.25 | $75.00 | $118.7K | 8.9K | 60 |
| NKE | CALL | TRADE | BEARISH | 07/19/24 | $1.27 | $1.24 | $1.25 | $73.00 | $49.8K | 4.1K | 744 |
| NKE | CALL | SWEEP | BEARISH | 10/18/24 | $2.45 | $2.4 | $2.4 | $80.00 | $48.0K | 13.1K | 1.1K |
| NKE | CALL | SWEEP | BEARISH | 10/18/24 | $2.38 | $2.34 | $2.34 | $80.00 | $46.8K | 13.1K | 1.5K |
| NKE | CALL | TRADE | BEARISH | 12/18/26 | $17.3 | $16.5 | $16.81 | $70.00 | $45.3K | 627 | 2 |
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 (premium athletic footwear and clothing), 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.
Having examined the options trading patterns of Nike, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Nike's Current Market Status
- With a trading volume of 2,512,510, the price of NKE is up by 1.08%, reaching $73.32.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 77 days from now.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Nike, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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