Financial giants have made a conspicuous bearish move on Nike. Our analysis of options history for Nike NKE revealed 20 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $590,170, and 8 were calls, valued at $1,126,865.
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 $87.5 for Nike over the last 3 months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Nike's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Nike's significant trades, within a strike price range of $50.0 to $87.5, over the past month.
Nike 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NKE | CALL | TRADE | NEUTRAL | 04/17/25 | $4.25 | $4.15 | $4.2 | $82.50 | $630.0K | 335 | 1.5K |
| NKE | CALL | TRADE | BEARISH | 06/20/25 | $8.7 | $8.5 | $8.5 | $75.00 | $170.0K | 1.6K | 204 |
| NKE | PUT | TRADE | BEARISH | 01/15/27 | $3.8 | $3.55 | $3.75 | $55.00 | $168.7K | 1.5K | 450 |
| NKE | CALL | SWEEP | BEARISH | 01/17/25 | $4.35 | $4.2 | $4.2 | $77.50 | $110.4K | 750 | 388 |
| NKE | PUT | TRADE | BULLISH | 01/16/26 | $6.55 | $6.5 | $6.5 | $70.00 | $65.0K | 15.4K | 210 |
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.
Nike's Current Market Status
- Trading volume stands at 6,915,870, with NKE's price down by -3.24%, positioned at $75.45.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 43 days.
What Analysts Are Saying About Nike
1 market experts have recently issued ratings for this stock, with a consensus target price of $97.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Showing optimism, an analyst from Truist Securities upgrades its rating to Buy with a revised price target of $97.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Nike options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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