Whales with a lot of money to spend have taken a noticeably bullish stance on Nike.
Looking at options history for Nike NKE we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $423,294 and 3, calls, for a total amount of $101,323.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $82.5 to $120.0 for Nike during the past quarter.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Nike's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Nike's substantial trades, within a strike price spectrum from $82.5 to $120.0 over the preceding 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 | PUT | SWEEP | BEARISH | 11/17/23 | $105.00 | $116.4K | 2.4K | 1.0K |
| NKE | PUT | TRADE | BULLISH | 01/17/25 | $90.00 | $70.0K | 7.4K | 0 |
| NKE | PUT | SWEEP | BEARISH | 03/15/24 | $105.00 | $62.8K | 1.1K | 91 |
| NKE | CALL | SWEEP | BULLISH | 06/20/25 | $120.00 | $40.4K | 124 | 135 |
| NKE | CALL | SWEEP | BULLISH | 01/19/24 | $110.00 | $31.4K | 11.3K | 336 |
About Nike
Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
Current Position of Nike
- Trading volume stands at 4,122,731, with NKE's price down by -1.62%, positioned at $104.39.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 36 days.
Professional Analyst Ratings for Nike
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $124.0.
- An analyst from Evercore ISI Group has revised its rating downward to Outperform, adjusting the price target to $124.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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