Smart Money Is Betting Big In NKE Options

Financial giants have made a conspicuous bullish move on Nike. Our analysis of options history for Nike NKE revealed 34 unusual trades.

Delving into the details, we found 55% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 22 were puts, with a value of $1,231,873, and 12 were calls, valued at $819,801.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $42.5 to $80.0 for Nike over the recent three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Nike options trades today is 3809.68 with a total volume of 11,361.00.

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 $42.5 to $80.0 over the last 30 days.

Nike Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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

• With a volume of 8,280,205, the price of NKE is down -0.36% at $53.08.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 78 days.

Expert Opinions on Nike

In the last month, 5 experts released ratings on this stock with an average target price of $82.4.

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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. * An analyst from BMO Capital persists with their Outperform rating on Nike, maintaining a target price of $92. * Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Nike, targeting a price of $99. * An analyst from RBC Capital has decided to maintain their Sector Perform rating on Nike, which currently sits at a price target of $66. * An analyst from Telsey Advisory Group persists with their Market Perform rating on Nike, maintaining a target price of $80. * In a cautious move, an analyst from Stifel downgraded its rating to Hold, setting a price target of $75.

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.