Deep-pocketed investors have adopted a bullish 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 35 extraordinary options activities for Nike. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 45% bearish. Among these notable options, 7 are puts, totaling $302,140, and 28 are calls, amounting to $1,153,733.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $115.0 for Nike during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Nike's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Nike's whale trades within a strike price range from $40.0 to $115.0 in the last 30 days.
Nike 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NKE | CALL | SWEEP | BEARISH | 01/15/27 | $27.3 | $27.0 | $27.0 | $60.00 | $81.0K | 514 | 0 |
| NKE | CALL | SWEEP | BEARISH | 03/21/25 | $6.9 | $6.85 | $6.85 | $75.00 | $68.6K | 14.6K | 356 |
| NKE | PUT | SWEEP | BEARISH | 03/21/25 | $3.8 | $3.75 | $3.8 | $80.00 | $68.4K | 6.2K | 555 |
| NKE | CALL | SWEEP | BEARISH | 05/16/25 | $3.5 | $3.45 | $3.45 | $85.00 | $66.6K | 1.1K | 405 |
| NKE | CALL | SWEEP | BULLISH | 03/14/25 | $1.33 | $1.33 | $1.33 | $82.00 | $66.5K | 1.0K | 540 |
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
- With a trading volume of 6,000,841, the price of NKE is up by 0.49%, reaching $80.67.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 23 days from now.
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 $88.2.
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. * Reflecting concerns, an analyst from Citigroup lowers its rating to Neutral with a new price target of $72. * Reflecting concerns, an analyst from Guggenheim lowers its rating to Buy with a new price target of $110. * An analyst from Needham downgraded its action to Buy with a price target of $84. * An analyst from Telsey Advisory Group has decided to maintain their Market Perform rating on Nike, which currently sits at a price target of $80. * An analyst from BMO Capital has decided to maintain their Outperform rating on Nike, which currently sits at a price target of $95.
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.
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