Nike Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Nike (NYSE:NKE), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $75.0 to $165.0 for Nike over the last 3 months. The price of NKE is currently down -1.89% at $100.92, and RSI indicators suggest the stock may be oversold. Nike's next earnings are expected in 37 days.
August 22, 2023 | 7:01 pm
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A whale investor has taken a bullish stance on Nike, with equal numbers of investors opening trades with bullish and bearish expectations. The stock price is currently down and may be oversold.
The news indicates a bullish stance from a whale investor, which could potentially drive the stock price up. However, the equal number of bullish and bearish trades suggests uncertainty in the market, which could keep the stock price stable. The current price drop and oversold status may also limit any immediate upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100