Looking At Nike's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity on Nike (NYSE:NKE) indicates a bullish stance by large investors, with a split sentiment of 52% bullish and 47% bearish. The activity includes 17 uncommon trades, with 8 puts and 9 calls, targeting a price range of $95.0 to $120.0. The volume and open interest trends suggest increased interest in Nike's options. The largest trades observed show a mix of bullish and bearish sentiments with varying expiration dates and strike prices. Nike, a leading athletic footwear and apparel brand, has seen its stock price slightly decrease by -0.55% to $104.42, with an upcoming earnings release in 34 days.
February 14, 2024 | 5:31 pm
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Nike has experienced unusual options activity indicating a bullish stance by large investors, with a notable split in sentiment. The activity targets a price range of $95.0 to $120.0. Current stock price is at $104.42, with a slight decrease of -0.55%.
The unusual options activity, particularly the bullish sentiment among large investors, suggests a positive outlook for Nike's stock in the short term. The detailed analysis of options trades, including both puts and calls within a specific price range, indicates a strategic positioning by investors. Despite a slight decrease in stock price, the anticipation of upcoming earnings and the overall bullish sentiment could drive short-term price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100