Whales with a lot of money to spend have taken a noticeably bullish stance on Nike.
Looking at options history for Nike NKE we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $176,020 and 7, calls, for a total amount of $573,895.
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 $47.5 and $120.0 for Nike, spanning the last three 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 $47.5 to $120.0 in the last 30 days.
Nike Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NKE | CALL | TRADE | BULLISH | 01/17/25 | $2.17 | $2.09 | $2.15 | $120.00 | $204.2K | 2.9K | 957 |
| NKE | CALL | SWEEP | BULLISH | 07/19/24 | $5.4 | $5.3 | $5.4 | $92.50 | $160.9K | 1.7K | 304 |
| NKE | PUT | SWEEP | BEARISH | 06/20/25 | $5.3 | $5.25 | $5.3 | $82.50 | $95.9K | 1.3K | 181 |
| NKE | CALL | TRADE | BULLISH | 07/19/24 | $3.45 | $2.25 | $3.0 | $97.50 | $60.0K | 2.6K | 202 |
| NKE | PUT | TRADE | BEARISH | 01/17/25 | $8.45 | $8.45 | $8.45 | $95.00 | $46.4K | 3.9K | 0 |
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.
After a thorough review of the options trading surrounding Nike, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Nike Standing Right Now?
- With a volume of 2,580,274, the price of NKE is up 0.59% at $93.27.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 44 days.
What Analysts Are Saying About Nike
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $115.0.
- An analyst from Wedbush downgraded its action to Outperform with a price target of $115.
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.
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