What's Going On With Nike Shares


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Nike Inc (NYSE:NKE) shares are trading lower by 3.92% to $94.83 going into the close of Thursday's trading session. Nike shares are trading lower ahead of today's earnings report as stocks fall on rising rates and recession fears. The company could also be negatively impacted by a rising US dollar.

According to analyst consensus estimates, Nike is expected to report first-quarter revenue of $12.27 billion on EPS of 92 cents.

What's Happening In The Broader Market?

U.S. initial jobless claims unexpectedly fell last week to the lowest levels since April, signaling the labor market remains resilient despite continued rate hikes from the Federal Reserve.

Jobless claims decreased by 16,000 for the week ending Sept. 24 to 193,000 from a downwardly revised level of 209,000 in the prior week, according to data the Labor Department released on Thursday...Read More

See Also: Surprise! Jobless Claims Fall To Lowest Levels Since April: What You Need To Know Now


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: MoversTrading Ideaswhy it's moving