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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with NKE, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 13 options trades for Nike.
This isn't normal.
The overall sentiment of these big-money traders is split between 46% bullish and 46%, bearish.
Out of all of the options we uncovered, 12 are puts, for a total amount of $626,297, and there was 1 call, for a total amount of $36,670.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $100.0 for Nike during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Nike's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Nike's substantial trades, within a strike price spectrum from $70.0 to $100.0 over the preceding 30 days.
Nike Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NKE | PUT | SWEEP | BULLISH | 03/21/25 | $22.15 | $21.8 | $21.8 | $100.00 | $183.1K | 4 | 84 |
| NKE | PUT | TRADE | NEUTRAL | 02/21/25 | $8.45 | $8.25 | $8.34 | $85.00 | $55.8K | 477 | 204 |
| NKE | PUT | SWEEP | BULLISH | 02/21/25 | $8.45 | $8.3 | $8.3 | $85.00 | $55.6K | 477 | 271 |
| NKE | PUT | SWEEP | BULLISH | 02/21/25 | $6.5 | $6.25 | $6.25 | $82.50 | $55.0K | 324 | 176 |
| NKE | PUT | TRADE | BEARISH | 02/21/25 | $18.25 | $17.65 | $18.17 | $95.00 | $50.8K | 20 | 29 |
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
Current Position of Nike
- Trading volume stands at 3,639,215, with NKE's price down by -0.08%, positioned at $76.88.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 87 days.
Professional Analyst Ratings for Nike
5 market experts have recently issued ratings for this stock, with a consensus target price of $77.4.
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. * Consistent in their evaluation, an analyst from Stifel keeps a Hold rating on Nike with a target price of $75. * An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $84. * Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Nike, targeting a price of $73. * An analyst from Deutsche Bank persists with their Buy rating on Nike, maintaining a target price of $82. * An analyst from UBS has decided to maintain their Neutral rating on Nike, which currently sits at a price target of $73.
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.
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