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 9 uncommon options trades for Nike.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $112,932, and 7 are calls, for a total amount of $275,190.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $62.5 to $95.0 for Nike over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Nike options trades today is 2882.2 with a total volume of 1,463.00.
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 $62.5 to $95.0 over the last 30 days.
Nike Option Volume And Open Interest Over 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 | TRADE | BULLISH | 02/21/25 | $24.35 | $24.0 | $24.12 | $95.00 | $86.8K | 4 | 0 |
| NKE | CALL | TRADE | BULLISH | 04/17/25 | $9.9 | $9.45 | $9.82 | $62.50 | $58.9K | 1 | 0 |
| NKE | CALL | TRADE | BULLISH | 01/15/27 | $14.2 | $14.05 | $14.2 | $70.00 | $39.7K | 670 | 28 |
| NKE | CALL | TRADE | BULLISH | 04/17/25 | $9.9 | $9.5 | $9.82 | $62.50 | $39.2K | 1 | 180 |
| NKE | CALL | TRADE | BULLISH | 04/17/25 | $9.85 | $9.5 | $9.82 | $62.50 | $39.2K | 1 | 140 |
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.
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.
Current Position of Nike
- Trading volume stands at 2,319,323, with NKE's price down by -0.75%, positioned at $70.54.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 63 days.
What Analysts Are Saying About Nike
5 market experts have recently issued ratings for this stock, with a consensus target price of $80.2.
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. * An analyst from Truist Securities persists with their Buy rating on Nike, maintaining a target price of $90. * An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Nike, which currently sits at a price target of $74. * An analyst from UBS persists with their Neutral rating on Nike, maintaining a target price of $73. * An analyst from Deutsche Bank persists with their Buy rating on Nike, maintaining a target price of $84. * An analyst from Telsey Advisory Group has revised its rating downward to Market Perform, adjusting the price target to $80.
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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