Nike Sprints To New All-Time High - Nike (NYSE:NKE)

Nike Inc (NYSE: NKE) shares are trading higher by $1.77 at $134.28 in Wednesday's session. The issue has been on major rally since announcing a $12 billion share repurchase plan and a 2-for-1 stock split last Thursday.Over that course of time, it has rallied nearly $10 from its November 19 close ($125.78) to its current level.In today's session it cleared the trio of highs at $133 level from the last three sessions and reached $134.39.

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!

27% profit every 20 days?

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com