Financial giants have made a conspicuous bullish move on Nike. Our analysis of options history for Nike NKE revealed 12 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $147,507, and 9 were calls, valued at $319,833.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $76.0 to $100.0 for Nike during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Nike stands at 4755.38, with a total volume reaching 2,026.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Nike, situated within the strike price corridor from $76.0 to $100.0, throughout 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 | BULLISH | 01/31/25 | $3.0 | $2.89 | $2.89 | $76.00 | $57.8K | 101 | 400 |
| NKE | PUT | SWEEP | BEARISH | 03/21/25 | $5.75 | $5.6 | $5.72 | $80.00 | $49.7K | 4.6K | 87 |
| NKE | PUT | TRADE | BULLISH | 03/21/25 | $7.45 | $7.3 | $7.3 | $82.50 | $48.9K | 1.4K | 134 |
| NKE | PUT | SWEEP | BULLISH | 03/21/25 | $5.7 | $5.6 | $5.6 | $80.00 | $48.8K | 4.6K | 174 |
| NKE | CALL | SWEEP | BULLISH | 01/15/27 | $16.1 | $15.0 | $15.0 | $77.50 | $45.0K | 4.8K | 30 |
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.
Nike's Current Market Status
- With a volume of 1,680,559, the price of NKE is up 0.27% at $77.0.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 84 days.
What The Experts Say On Nike
In the last month, 5 experts released ratings on this stock with an average target price of $80.8.
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. * Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Nike with a target price of $73. * Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Nike with a target price of $97. * Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Nike with a target price of $70. * An analyst from UBS has decided to maintain their Neutral rating on Nike, which currently sits at a price target of $80. * In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $84.
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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