Nike (NKE) Offering Possible 44.51% Return Over the Next 8 Calendar Days

Nike's most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $134.00 short put and a strike $129.00 long put offers a potential 44.51% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $134.00 by expiration. The full premium credit of $1.54 would be kept by the premium seller. The risk of $3.46 would be incurred if the stock dropped below the $129.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Nike is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Nike is bearish.

The RSI indicator is at 33.11 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

New Adidas strategy to push online sales, sustainability
Wed, 10 Mar 2021 10:30:03 +0000
German sportswear maker Adidas AG wants to double its ecommerce business by 2025 and make most of its products more sustainable as part of a new strategy aimed at lifting profitability closer to that of rival Nike. Adidas said it wants online sales to hit up to 9 billion euros ($10.71 billion) by 2025 and the group's operating profit margin to reach 12-14%.

A nepotism scandal has Nike scrambling to rebuild trust with sneakerheads
Tue, 09 Mar 2021 22:51:41 +0000
Nike is doing damage control after a prolific sneaker reseller was revealed to be the son of a longtime company executive.

Peloton Eyes Big Expansion As Vaccinations Raise Questions About At-Home Fitness
Tue, 09 Mar 2021 21:13:55 +0000
Peloton stock jumped on Tuesday after the at-home fitness company said it planned to launch in Australia in the second half of this year.

Dick's Sporting Goods Guides Light, Beats Q4 Views; Dividend Hiked
Tue, 09 Mar 2021 21:04:19 +0000
Dick's Sporting Goods gave cautious full-year profit views while beating fourth-quarter forecasts and raising its dividend.

Best Dow Jones Stocks To Buy And Watch In March 2021: Apple Surges Nearly 5%
Tue, 09 Mar 2021 19:30:33 +0000
The Dow Jones Industrial Average slid from record highs at the end of February, as the current stock market pullback continues. The best Dow Jones stocks to buy and watch in March 2021 are Apple, Disney, Microsoft and Visa.

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