Looking At Nike's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Nike.

Looking at options history for Nike NKE we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $283,166 and 3, calls, for a total amount of $805,698.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $105.0 to $145.0 for Nike over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Nike options trades today is 2975.75 with a total volume of 1,669.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Nike's big money trades within a strike price range of $105.0 to $145.0 over the last 30 days.

Nike Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NKE CALL TRADE NEUTRAL 01/17/25 $125.00 $621.0K 341 301
NKE CALL SWEEP BULLISH 07/21/23 $120.00 $131.3K 328 134
NKE PUT SWEEP BEARISH 04/21/23 $115.00 $60.7K 10.3K 435
NKE CALL SWEEP BULLISH 03/24/23 $105.00 $53.3K 10 38
NKE PUT SWEEP BEARISH 04/21/23 $115.00 $39.9K 10.3K 88

Where Is Nike Standing Right Now?

  • With a volume of 866,291, the price of NKE is up 0.42% at $118.67.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 5 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Nike, Benzinga Pro gives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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