Nike Offering Possible 6.38% Return Over the Next 29 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $75.00 short call and a strike $80.00 long call offers a potential 6.38% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock rose above the $80.00 long call 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 below 20 which suggests that the stock is in oversold territory.

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

Carmelo Anthony's Record 62 Points Big Win For Nike
Sat, 25 Jan 2014 13:03:00 GMT
Forbes – Carmelo Anthony set two scoring records last night when he pumped in 62 points as his New York Knicks defeated the Charlotte Bobcats 125-96 at Madison Square Garden: Bernard King's Christmas Day 1984 franchise record of 60 points and Kobe Bryant’s record for points scored (61) at the current Garden, which […]

Nike Celebrates Li Na's Victory with “DARE TO AIM HIGHER THAN THE SKY” Campaign
Sat, 25 Jan 2014 11:08:56 GMT
noodls – In a historic moment for both Li Na and Chinese tennis, the world No. 4 player claimed her second Grand Slam title in Melbourne on Saturday. It's a defining and encouraging win for Li, who has continued …

Innovation's The Keyword For Success At Under Armour
Fri, 24 Jan 2014 19:36:00 GMT
Investor's Business Daily – Innovation's The Keyword For Success At Under Armour

Tech wearables: Just a fad?
Fri, 24 Jan 2014 19:03:14 GMT
USA TODAY – Are tech wearables a fad, or the future?

Under Armour Stock Ready For Boost With Notre Dame, Winter Olympics And Johnny Manziel
Thu, 23 Jan 2014 22:35:50 GMT
Seeking Alpha – Under Armour ( UA ) shares continue to trend up as the company's high doubled digit growth is being recognized by investors. The company trades with a higher price to sales and price to earnings than larger …

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