Nike (NKE) Offering Possible 32.28% Return Over the Next 10 Calendar Days

Nike's most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $125.00 short put and a strike $120.00 long put offers a potential 32.28% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $125.00 by expiration. The full premium credit of $1.22 would be kept by the premium seller. The risk of $3.78 would be incurred if the stock dropped below the $120.00 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 63.86 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

Nike Stock: Is It A Buy As Digital Sales Soar Amid Coronavirus Crisis?
Thu, 24 Sep 2020 18:34:25 +0000
Nike has rallied as digital sales boom amid the coronavirus crisis. But is the Dow Jones athletic apparel giant a good buy now? Read on to find out.

Better Buy: Nike vs. World Wrestling Entertainment
Tue, 08 Sep 2020 16:30:00 +0000
Nike (NYSE: NKE) has been a strong performer for a long time. World Wrestling Entertainment (NYSE: WWE) has done even better, trouncing the index by about 50 percentage points over the same time. Or is World Wrestling Entertainment's share price set for a strong rebound?

Peloton bike gets some big changes — here's how much it will cost and why investors should care
Tue, 08 Sep 2020 11:00:07 +0000
Peloton goes the route pioneered by Apple with its newest product.

REFILE-From Target to Twitter, U.S. companies urge workers to vote
Mon, 07 Sep 2020 15:39:38 +0000
From Georgia to Wisconsin to Ohio earlier this year, voters in primary elections were stuck for hours in lines from sharply reduced polling locations. Heeding the stark warning ahead of Election Day on Nov. 3, U.S. companies are aiming to facilitate what is expected to be a chaotic 2020 U.S. presidential election. Twitter and Apple are giving workers paid time off to get to ballot boxes.

Is It Too Late to Buy the Dow Jones' 3 Best-Performing August Stocks?
Mon, 07 Sep 2020 11:41:00 +0000
The Dow Jones Industrial Index is often seen as a barometer of the largest U.S. industrial stocks. Coming into the index are salesforce.com (NYSE: CRM), Amgen, and Honeywell, while ExxonMobil, Pfizer, and Raytheon exited. Apple's (NASDAQ: AAPL) 4-for-1 split prompted the move.

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