Deep-pocketed investors have adopted a bearish approach towards Nike NKE, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NKE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Nike. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 72% bearish. Among these notable options, 3 are puts, totaling $138,830, and 8 are calls, amounting to $418,736.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $66.0 and $130.0 for Nike, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Nike options trades today is 3359.18 with a total volume of 846.00.
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 $66.0 to $130.0 over the last 30 days.
Nike Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NKE | CALL | SWEEP | BEARISH | 02/21/25 | $8.05 | $7.95 | $7.95 | $72.50 | $148.6K | 92 | 188 |
| NKE | PUT | TRADE | BEARISH | 01/17/25 | $5.45 | $5.4 | $5.45 | $80.00 | $81.7K | 16.6K | 200 |
| NKE | CALL | SWEEP | BEARISH | 03/21/25 | $4.15 | $4.05 | $4.05 | $82.50 | $64.3K | 1.5K | 1 |
| NKE | CALL | TRADE | BEARISH | 01/17/25 | $4.35 | $4.1 | $4.1 | $77.50 | $40.9K | 2.4K | 102 |
| NKE | CALL | TRADE | BEARISH | 12/20/24 | $11.9 | $11.85 | $11.85 | $66.00 | $35.5K | 1 | 32 |
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
- Trading volume stands at 1,006,172, with NKE's price down by -1.01%, positioned at $77.17.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 6 days.
Professional Analyst Ratings for Nike
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $81.4.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Nike, targeting a price of $95. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Nike with a target price of $80. * Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Nike with a target price of $79. * An analyst from JP Morgan has decided to maintain their Neutral rating on Nike, which currently sits at a price target of $73. * Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Nike with a target price of $80.
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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