Behind the Scenes of Nike's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Nike (NYSE:NKE) indicates a bearish sentiment among significant investors, with a split of 38% bullish and 61% bearish trades. Benzinga's options scanner revealed 13 unusual options trades, including 6 puts and 7 calls, aiming for a price range of $80.0 to $120.0 over the next three months. The volume and open interest trends in Nike's options market suggest increased liquidity and interest, particularly within the $80.0 to $120.0 strike price range. Nike's stock is currently up 0.24% at $104.75, with potential overbought signals from RSI indicators. The next earnings report is expected in 36 days.
February 12, 2024 | 6:16 pm
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Significant bearish options trading activity detected for Nike, with a price target range of $80-$120 over the next three months. The stock is currently slightly up, but RSI indicators suggest it may be approaching overbought territory.
The bearish sentiment among significant investors, as indicated by the options trading activity, suggests a potential downside for Nike's stock in the short term. The specific targeting of a price range between $80 and $120, combined with the current stock price and RSI indicators, supports this analysis. The upcoming earnings report in 36 days could serve as a catalyst for price movement.
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