Nike (NKE) Offering Possible 21.65% Return Over the Next 16 Calendar Days

Nike's most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $165.00 short put and a strike $160.00 long put offers a potential 21.65% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $4.11 would be incurred if the stock dropped below the $160.00 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 69.37 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

Malls have been mistreated during the COVID-19 pandemic: Simon Property Group CEO
Tue, 03 Aug 2021 10:38:00 +0000
Simon Property Group David Simon stands up for the malls.

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Mon, 02 Aug 2021 17:48:19 +0000
Stocks held modest gains on the first trading day of August with the Nasdaq leading but the Dow Jones Industrial Average lagging.

These Are The Best Robinhood Stocks To Buy Or Watch Now
Sat, 31 Jul 2021 15:56:14 +0000
Buying a stock is easy, but purchasing the right stock without a proven strategy is incredibly hard. Here are the best Robinhood stocks to buy now.

3 Dividend Stocks to Buy Before Their August Payout Raise
Sat, 31 Jul 2021 14:45:00 +0000
Dividend hikes are positive signals for investors, and not just because they promise an imminent income boost. Companies that raise their payouts are often flush with cash and enjoying improving growth opportunities that can deliver market-thumping returns to shareholders. Before 2018, Kroger stock was a Wall Street darling.

Nike Could Trip Over Soaring Numbers of COVID Cases in Vietnam
Fri, 30 Jul 2021 13:45:00 +0000
The market paid no heed to reports that Nike (NYSE: NKE) might run out of sneakers because of rising COVID-19 cases in Vietnam, sending the footwear maker's stock even higher. Everyone from Apple to Walmart relies heavily upon Vietnam for supplies, and with COVID-19 cases reaching record levels in the country, factories are shutting down to contain the spread. Data from Panjiva, the supply chain research unit of Standard & Poor's Global Market Intelligence, revealed two of Nike's Vietnamese sneaker suppliers shut down production due to the COVID-19 outbreak.

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