Check Out What Whales Are Doing With NKE
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Nike (NYSE:NKE) has been observed, with a large position appearing in publicly available options history. Benzinga's options scanner spotted 16 uncommon options trades for Nike, with the sentiment of these big-money traders being 31% bullish and 68% bearish. Whales have been targeting a price range from $90.0 to $145.0 for Nike over the last 3 months. The price of NKE is currently down -0.87% at $109.52.
August 08, 2023 | 8:00 pm
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A significant bearish stance has been observed in Nike's options history, indicating potential downward pressure on the stock.
The bearish stance observed in Nike's options history, with 68% of big-money traders being bearish, indicates that there is significant sentiment for a potential decrease in the stock's price. This could put downward pressure on the stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100