On CNBC's "Options Action," Mike Khouw said he saw more than two times the average daily options volume in Nike Inc 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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