Financial giants have made a conspicuous bearish move on Nike. Our analysis of options history for Nike NKE revealed 11 unusual trades.
Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $247,317, and 5 were calls, valued at $198,540.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $97.5 and $120.0 for Nike, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Nike options trades today is 3219.0 with a total volume of 1,656.00.
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 $97.5 to $120.0 over the last 30 days.
Nike Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NKE | CALL | SWEEP | BULLISH | 12/20/24 | $120.00 | $74.9K | 291 | 160 |
| NKE | PUT | SWEEP | BEARISH | 12/20/24 | $100.00 | $54.4K | 758 | 66 |
| NKE | PUT | SWEEP | BEARISH | 04/19/24 | $110.00 | $44.0K | 2.4K | 145 |
| NKE | PUT | SWEEP | BEARISH | 04/19/24 | $110.00 | $43.8K | 2.4K | 100 |
| NKE | PUT | SWEEP | NEUTRAL | 04/19/24 | $110.00 | $43.5K | 2.4K | 55 |
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, 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.
Where Is Nike Standing Right Now?
- With a trading volume of 6,977,191, the price of NKE is down by -0.32%, reaching $103.85.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 48 days from now.
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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