Nike Unusual Options Activity For October 16
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Nike (NYSE:NKE), with a bearish stance being taken by a majority of investors. Of the 17 strange trades detected, 35% were bullish and 64% were bearish. The total amount for puts was $545,467 and for calls was $695,610. The price target range for Nike over the last 3 months has been between $80.0 and $105.0. The current price of NKE is up 2.57% at $102.48. Several financial institutions have given their ratings and price targets for Nike.
October 16, 2023 | 6:01 pm
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Nike has seen a significant amount of unusual options activity, with a majority of investors taking a bearish stance. The price target range for the last 3 months has been between $80.0 and $105.0. The current price of NKE is up 2.57% at $102.48.
The unusual options activity, with a majority being bearish, indicates that investors are expecting the price of Nike to decrease. This, combined with the current price being at the higher end of the recent price target range, suggests that the stock price may decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100