Investors with a lot of money to spend have taken a bullish stance on Nike (NYSE:NKE).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NKE, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 14 uncommon options trades for Nike.

This isn't normal.

The overall sentiment of these big-money traders is split between 42% bullish and 42%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $398,662, and 8 are calls, for a total amount of $702,620.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $100.0 for Nike over the recent three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Nike's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Nike's whale activity within a strike price range from $50.0 to $100.0 in the last 30 days.

Nike 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About Nike

In light of the recent options history for Nike, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Nike

• Trading volume stands at 2,592,912, with NKE's price up by 1.03%, positioned at $71.82.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 63 days.

What The Experts Say On Nike

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $88.4.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Nike options trades with real-time alerts from Benzinga Pro.