A whale with a lot of money to spend has taken a noticeably bearish stance on Nike.
Looking at options history for Nike NKE we detected 17 strange trades.
If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $545,467 and 8, calls, for a total amount of $695,610.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $105.0 for Nike over the last 3 months.
Volume & Open Interest Development
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 $80.0 to $105.0 in the last 30 days.
Nike Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NKE | CALL | SWEEP | BEARISH | 06/20/25 | $97.50 | $243.6K | 228 | 150 |
| NKE | PUT | TRADE | NEUTRAL | 01/19/24 | $105.00 | $170.5K | 8.3K | 2 |
| NKE | CALL | SWEEP | BEARISH | 03/15/24 | $95.00 | $143.4K | 1.3K | 125 |
| NKE | PUT | SWEEP | NEUTRAL | 12/15/23 | $100.00 | $120.2K | 1.2K | 16 |
| NKE | CALL | TRADE | BULLISH | 06/20/25 | $97.50 | $87.5K | 228 | 200 |
Where Is Nike Standing Right Now?
- With a volume of 5,867,831, the price of NKE is up 2.57% at $102.48.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 64 days.
What The Experts Say On Nike:
- Jefferies downgraded its action to Hold with a price target of $100
- Morgan Stanley has decided to maintain their Overweight rating on Nike, which currently sits at a price target of $126.
- Guggenheim downgraded its action to Buy with a price target of $135
- Morgan Stanley downgraded its action to Overweight with a price target of $126
- Telsey Advisory Group has decided to maintain their Outperform rating on Nike, which currently sits at a price target of $128.
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.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
