Nike Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Significant bearish options activity has been detected for Nike (NYSE:NKE), with a notable volume of puts compared to calls. The activity suggests that large investors anticipate a price range of $80 to $140 for Nike in the short term. The company, a global leader in athletic footwear and apparel, has seen its stock price increase by 2.32% recently, with an upcoming earnings report in 15 days. An analyst from Oppenheimer has downgraded Nike to Perform with a target price of $110.
March 06, 2024 | 7:30 pm
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Significant bearish options activity detected for Nike, suggesting large investors anticipate a price range of $80 to $140 in the short term. Stock price recently increased by 2.32%, with an upcoming earnings report. Oppenheimer downgrades to Perform with a target price of $110.
The bearish options activity, combined with the recent stock price increase and the upcoming earnings report, suggests potential volatility. The downgrade by Oppenheimer to Perform with a target price of $110 further supports a cautious short-term outlook.
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