Nike (NKE) Offering Possible 36.99% 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 $92.50 short put and a strike $87.50 long put offers a potential 36.99% 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 $92.50 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock dropped below the $87.50 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 70.03 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

Jim Cramer Shares His Thoughts On Nike, Huami And More
Sat, 05 Oct 2019 13:39:56 +0000
On CNBC's “Mad Money Lightning Round,”  Jim Cramer said Nike Inc (NYSE: NKE ) had one of the best quarters that he has seen in ages. He thinks the stock is going higher. Instead of Huami Corp …

Beating the Street: In Praise of Amateur Stock Pickers
Fri, 04 Oct 2019 22:06:26 +0000
Peter Lynch shows how 2 sets of amateur investors managed to outperform the pros Continue reading…

DICK'S Sporting Goods Fortifies Store Network, 7 Openings Lined Up
Fri, 04 Oct 2019 20:10:08 +0000
DICK'S Sporting (DKS) to open seven stores in October. Its strategic efforts to strengthen store network and expand e-commerce capabilities are impressive.

GOAT Group launches AR try-on experience for sneakers
Fri, 04 Oct 2019 17:04:07 +0000
Online sneaker marketplace GOAT launches its own AR sneaker try-on feature.

Nike CEO knew about testosterone tests on runners — what this could mean for him and the stock
Fri, 04 Oct 2019 14:33:00 +0000
Nike-sponsored track coach Alberto Salazar performed tests to see how supplements could be used without breaking anti-doping rules.

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