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Mike Khouw Sees Unusual Options Activity In Nike

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Mike Khouw Sees Unusual Options Activity In Nike

On CNBC's "Options Action," Mike Khouw said he saw more than two times the average daily options volume in Nike Inc (NYSE: NKE) on Thursday. The company is going to report earnings on Friday after the bell and the options market is implying a move of 5.4% in either direction by the end of the next week. The stock usually moves around 5.6% on earnings.

The most active options were the December $145 calls as around 3,700 contracts were traded for $1.12. These options expire on Friday so buyers are betting Nike could rally going into earnings.

 

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