This Is What Whales Are Betting On Nike
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Nike (NYSE:NKE) by a large investor, as observed from publicly available options history. Benzinga's options scanner spotted 13 uncommon options trades for Nike, with 38% bullish and 61% bearish sentiment. Whales have been targeting a price range from $70.0 to $115.0 for Nike over the last 3 months. The price of NKE is up 1.41% at $110.16, and next earnings are expected in 59 days.
July 31, 2023 | 8:09 pm
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A large investor has taken a bearish stance on Nike, with a price target range of $70-$115. The current price of NKE is up 1.41% at $110.16.
The bearish stance taken by a large investor, as indicated by the uncommon options trades, suggests that there may be a potential downside for Nike's stock in the short term. This is further supported by the fact that the current price is at the upper end of the targeted price range by whales. However, the stock is currently up, indicating some positive sentiment in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100