Nike (NKE) Offering Possible 7.76% Return Over the Next 8 Calendar Days

Nike’s most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $86.00 short put and a strike $81.00 long put offers a potential 7.76% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $86.00 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $81.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Nike is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Nike is bullish.

The RSI indicator is at 67.54 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nike

Buy Nike Stock Ahead of Q1 Earnings, Amid LULU & Adidas Competition?
Tue, 10 Sep 2019 23:39:11 +0000
Nike (NKE) is set to release its Q1 2020 earnings and revenue results on September 24. Is now the time to buy NKE stock amid Lululemon (LULU) & Adidas (ADDYY) competition?

If the Shoe Fits, Trade It? Nike Faces This Huge Risk Ahead
Tue, 10 Sep 2019 13:08:00 +0000
Here’s the story for Nike: trade it now, but own it later, many analysts think.

Why Lululemon Thrives as Other Apparel Retailers Die
Mon, 09 Sep 2019 21:05:00 +0000
The athletic apparel retailer’s streak of double-digit comps growth continues.

Buy Lululemon (LULU) Stock at New Highs on Digital & Menswear Growth?
Mon, 09 Sep 2019 21:03:10 +0000
Breaking down Lululemon’s (LULU) Q2 2019 financial results that wowed Wall Street last week. And why Lulu stock looks like a buy as it expands its digital, international, and menswear businesses to further challenge Nike (NKE) – Full-Court Finance.

Calceus Acquisition, Inc. — Moody’s upgrades Cole Haan’s CFR to B1
Mon, 09 Sep 2019 20:13:09 +0000
Moody’s Investors Service (“Moody’s”) upgraded its ratings for Calceus Acquisition, Inc. (“Cole Haan”), including the Corporate Family Rating (CFR) to B1 from B2, Probability of Default Rating to B1-PD from B2-PD, and senior secured term loan rating to B1 from B2. The upgrade reflects Cole Haan’s improvement in credit metrics and liquidity, driven by the company’s strong operating performance, including an over 50% increase in earnings over the past year.

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