Nike (NKE) Offering Possible 86.57% Return Over the Next 13 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $92.00 short call and a strike $97.00 long call offers a potential 86.57% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $92.00 by expiration. The full premium credit of $2.32 would be kept by the premium seller. The risk of $2.68 would be incurred if the stock rose above the $97.00 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 down which suggests that the medium-term momentum for Nike is bearish.

The RSI indicator is at 27.3 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

Hedge Funds Have Never Been This Bullish On NIKE, Inc. (NKE)
Thu, 05 Mar 2020 22:52:46 +0000
Coronavirus is probably the 1 concern in investors' minds right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is a 3.3% probability that Donald Trump will die from the new coronavirus (read the details.). In these volatile markets we scrutinize hedge fund filings to get a […]

Nike Stock Falls 4%
Thu, 05 Mar 2020 14:28:00 +0000
Investing.com – Nike (NYSE:NKE) Stock fell by 4.01% to trade at $90.00 by 14:26 (19:26 GMT) on Thursday on the NYSE exchange.

Ant Financial Takes Stake in Swedish Payments Firm Klarna
Wed, 04 Mar 2020 09:24:08 +0000
(Bloomberg) — The financial services affiliate of Alibaba Group Holding Ltd. has agreed to buy a minority stake in Klarna, and will expand its international partnership with the Swedish payments firm.Ant Financial, which owns payments platform Alipay, plans to expand current collaborations, such as the AliExpress partnership that lets Alibaba Group users access Klarna’s “pay later” service, the companies said in a statement on Wednesday.Ant will hold about a 1% stake in Klarna following this funding round, two people familiar with the matter said, asking not to be identified as the talks are private.Terms of the deal weren’t disclosed.Ant Financial is the biggest player in China’s $27 trillion payments market, and is expanding into consumer lending, letting customers who may not necessarily have formal credit histories access loans via a few taps of their smartphones. It’s a similar model to Klarna, which offers short-term credit for online shopping, fronting the bill for customers and letting them pay later in installments or 30 days after delivery. The 15-year-old Stockholm-based firm also offers financing from six to 36 months.Read more about Ant Financial’s expansion plans here.Klarna, which is backed by the rapper Snoop Dogg and Sequoia Capital, has been riding a wave of investment in fintech firms. The company raised $460 million in August at a valuation of $5.5 billion. Fintechs are challenging more established banks and credit card companies, targeting younger users accustomed to handling their banking and shopping on their smartphones.Last month, Klarna agreed to buy Italy’s Moneymour for an undisclosed sum, giving the company access to underwriting capabilities and building out its product development hub in Milan. Klarna’s used by more than 200,000 retailers and e-commerce platforms including H&M, Ikea and Nike shops, the company said.Still, some companies have found it difficult to break into the market. N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-Shing, said in February that it will end U.K. operations, blaming the country’s plan to leave the European Union and Brexit’s affect on its banking license.To contact the reporters on this story: Sarah Syed in London at ssyed35@bloomberg.net;Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Nike (NKE) Stock Moves -1.89%: What You Should Know
Tue, 03 Mar 2020 22:45:10 +0000
In the latest trading session, Nike (NKE) closed at $90.93, marking a -1.89% move from the previous day.

Runners overwhelmingly chose Nike’s Vaporfly shoes in the Olympic marathon trials
Tue, 03 Mar 2020 17:57:45 +0000
Even some sponsored by other companies chose Nikes, and then tried to cover them up.

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