Andrew Keene's Bearish Nike Trade

Andrew Keene of AlphaShark suggested on CNBC's Trading Nation that traders should consider a bearish options strategy in Nike Inc NKE. He believes it's going to sell off into the year end, because traders often sell companies that have reached new 52-week lows.

To make a bearish bet, Keene wants to sell the December 50/52.5 call spread for $1, which is his maximal profit for the trade. The trade starts to lose money above $51 it can maximally lose $1.50, if Nike jumps to $52.5 or higher at the December expiration.