Looking At Nike's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Nike (NYSE:NKE) has been observed through unusual options activity. The sentiment among these big-money traders is 91% bearish, with a price target range of $105.0 to $120.0 for Nike over the last 3 months. Despite this, several financial institutions have maintained their positive ratings on Nike, with price targets ranging from $127 to $142.
July 13, 2023 | 3:38 pm
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Bearish options activity suggests potential downward pressure on Nike's stock price in the short term. However, positive ratings from financial institutions could counteract this.
The bearish options activity indicates that big-money traders are betting on a decrease in Nike's stock price. However, the positive ratings from financial institutions suggest confidence in the company's performance, which could counteract the bearish sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100