Nike (NKE) Offering Possible 16.03% Return Over the Next 7 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $93.50 short call and a strike $99.00 long call offers a potential 16.03% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $93.50 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock rose above the $99.00 long call 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 65.47 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

Houston Rockets Nike merchandise disappears from China stores
Thu, 10 Oct 2019 08:26:02 +0000
BEIJING/SHANGHAI (Reuters) – Houston Rockets sneakers and other merchandise were pulled from several Nike stores in major Chinese cities amid the furor surrounding a tweet from the team's general manager in support of anti-government protests in Hong Kong. Managers at five Nike stores in Beijing and Shanghai told Reuters during visits on Thursday they had been told in recent days via a memo from management that all Rockets merchandise had to be removed. Although Rockets general manager Daryl Morey has since apologized for his tweet last week, National Basketball Association (NBA) Commissioner Adam Silver further angered authorities when he said the league backed Morey's right to exercise his freedom of expression.

What Are The Long-Term Implications Of The NBA's China Dilemma?
Wed, 09 Oct 2019 21:22:45 +0000
The NBA prides itself as being the most progressive sports league, but the association is facing its toughest situation yet — and it has been accused of kowtowing to an oppressive government in order to keep its massive fan base. The NBA said it will not censor the speech of its players or teams, a decision that could ultimately hurt the league if players stage protests or demonstrate further support for Hong Kong. “It is inevitable that people around the world — including from America and China — will have different viewpoints over different issues,” NBA Commissioner Adam Silver said in a statement.

Here's What to Expect as Q3 Earnings Season Revs Up
Wed, 09 Oct 2019 21:18:09 +0000
Here's What to Expect as Q3 Earnings Season Revs Up

These Hedge Funds Dumped NIKE, Inc. (NKE) A Bit Too Early
Wed, 09 Oct 2019 20:29:14 +0000
Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018 as investors first worried over the possible ramifications of rising interest rates and the escalation of the trade war with China. The hedge funds and institutional investors we track […]

CBP Grounds Import Of Fake Air Jordans
Wed, 09 Oct 2019 20:14:21 +0000
U.S. Customs and Border Protection officers at the Los Angeles/Long Beach seaport seized 14,806 pairs of counterfeit Nike shoes with an estimated manufacturer's suggested retail price of about $2.2 million.  …

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