Nike Unusual Options Activity For May 19
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Nike (NYSE:NKE) with 42 unusual options trades detected, 57% of which are bearish. The total amount for puts is $2,290,117 and for calls is $625,410. Whales have been targeting a price range of $105 to $140 for Nike over the last 3 months.
May 19, 2023 | 8:46 pm
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A whale has taken a bearish stance on Nike with 57% of 42 unusual options trades being bearish. The total amount for puts is $2,290,117 and for calls is $625,410.
The article highlights a whale taking a bearish stance on Nike with a majority of the unusual options trades being bearish. This indicates that the whale expects the stock price to decline in the short term. The total amount for puts is significantly higher than for calls, further supporting the bearish sentiment. This information is relevant and important for investors in Nike, as it may impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100