Nike Offering Possible 5.04% Return Over the Next 30 Calendar Days

Nike’s most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 5.04% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock dropped below the $65.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Nike is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Nike is bullish.

The RSI indicator is at 54.83 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nike

Fragments of time: the wild, messy state of smartwatches
Thu, 17 Oct 2013 15:50:42 GMT
The Verge – As Samsung’s Galaxy Gear commercial illustrates, the desire for a truly smart wrist-worn device is as old as the electronics industry itself. We’ve lusted after smart watches for so long that we’ve melded the two words into one utopian noun: a smartwatch. 2013 has been an undeniably good year for smartwatch enthusiasts. From the successful Kickstarter project that gave birth to the Pebble to Samsung and Sony’s most sincere efforts to commercialize the category, the buyer’s choice has never been wider. …

NFL Network’s Rich Eisen Partners With Nike Football For Sports-Themed Dating App
Thu, 17 Oct 2013 12:27:00 GMT
Forbes – Sports broadcaster Rich Eisen launches new dating app that matches people based on their favorite teams and players.

Twitter Hires Google Advertising Executive Ahead of IPO
Wed, 16 Oct 2013 23:35:57 GMT
Bloomberg – Twitter Inc. has hired a Google Inc. advertising executive to be head of retail, as the company ramps up hiring and works to expand its business ahead of an initial public offering.

Is Apple Holding Nike Back?
Wed, 16 Oct 2013 20:12:09 GMT
Motley Fool – Nike’s new FuelBand is still restricted to iOS apps.

Adidas unveils $399 fitness smartwatch with GPS tracking and heart rate monitoring
Wed, 16 Oct 2013 17:23:47 GMT
The Verge – Yesterday was Nike’s day in the spotlight, but today Adidas is officially joining its rival in the wearable devices category. The company has announced its own smartwatch, which it says will appeal to runners thanks to built-in GPS tracking, Bluetooth connectivity, and pulse-based heart rate tracking — a feature that FuelBand users have long clamored for. Speaking at the GigaOM Mobilize conference, Adidas VP Paul Gaudio said that the watch will be able to offer tailored heart rate training, even sending out audio coaching to any Bluetooth headphones that are connected to the device.

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