Dan Nathan Sees Unusual Options Activity In Nike Inc

, Dan Nathan spoke about options trading in

on Tuesday. He said that the company is reporting earnings on Thursday after the close and options market is implying a 4.3 percent move in either direction on earnings. He calculated the implied move by comparing the price of weekly straddle for 116 strike to the current market price of $116. The straddle costs $5, which means that buyers of the straddle are going to profit if

jumps above $121 or drops below $111.