Nike Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Nike (NYSE:NKE), with a significant move in options trading. Benzinga's tracking revealed 12 unusual options activities, with 75% being bearish. The focus is on a price range between $82.5 and $130.0. Notable options activity includes both puts and calls with varying sentiments and expiration dates. Nike's current stock price is up 0.64% at $105.02, with analysts giving an average target price of $110.0. Oppenheimer downgraded Nike to Perform with a price target of $110.
February 29, 2024 | 3:32 pm
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Bearish sentiment in options trading with a significant focus on a price range between $82.5 and $130.0. Current stock price is up, with an average analyst target price of $110.0.
The bearish sentiment among deep-pocketed investors, as indicated by the options trading activity, suggests a potential downside risk for Nike's stock price in the short term. The significant focus on bearish options, with 75% of the notable activities being puts, underscores the market's expectation of a price decline. However, the current uptick in stock price and the analyst target price of $110.0 provide a mixed outlook, making the bearish sentiment a critical factor to watch.
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IMPORTANCE 90
RELEVANCE 100