Nike (NKE) Offering Possible 13.9% Return Over the Next 14 Calendar Days

Nike's most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $79.00 short put and a strike $74.00 long put offers a potential 13.9% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $79.00 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock dropped below the $74.00 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 54.51 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Nike

Game on: Esports has filled the void of empty stadiums and arenas
Wed, 01 Apr 2020 20:13:00 +0000
A sports-free landscape has forced many fans to watch and re-watch highlights from classic Super Bowls and World Series on cable sports channels. It’s prompted some to revisit board games like Strat-O-Matic to simulate unplayed games. And it’s prompted others to look for an alternative — in this case, esports.

Free workouts from Peloton, Nike and others to help you stay active during your quarantine
Tue, 31 Mar 2020 18:02:00 +0000
Online orders for fitness equipment such as kettlebells, dumbbells and treadmills saw a 55% boost in the week spanning March 11–15 compared to the 10 days before, according to Adobe Analytics’ new Digital Economy Index released on Tuesday. March downloads of the Peloton app — which offers yoga and body strength classes if you don’t have the $2,000-plus stationary bike — are five times higher than February’s, according to data from Sensor Tower.

DECK vs. NKE: Which Stock Should Value Investors Buy Now?
Tue, 31 Mar 2020 15:40:03 +0000
DECK vs. NKE: Which Stock Is the Better Value Option?

Travelers, Procter & Gamble share losses contribute to Dow's nearly 175-point fall
Tue, 31 Mar 2020 13:45:00 +0000
DOW UPDATE Shares of Travelers and Procter & Gamble are posting losses Tuesday morning, dragging the Dow Jones Industrial Average into negative territory. The Dow (DJIA) was most recently trading 171 points, or 0.

Stocks Start the Week by Soaring More Than 3%
Tue, 31 Mar 2020 13:15:01 +0000
Stocks Start the Week by Soaring More Than 3%

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