What the Options Market Tells Us About Nike
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors show a bearish trend towards Nike (NKE) based on options market activity, with a notable division in sentiment: 48% bullish and 51% bearish. The options scanner revealed 27 extraordinary activities, with puts totaling $733,720 and calls at $600,136. The price band focus is between $60.0 and $140.0. Noteworthy options activities include both bullish and bearish sentiments with varying expiration dates and strike prices. Nike's current stock price is down -1.57% at $92.5, with analysts giving mixed reviews and an average price target of $114.0.
April 01, 2024 | 7:16 pm
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Bearish options market activity and mixed analyst ratings suggest a volatile short-term outlook for Nike, with a current price drop and an average target of $114.0.
The bearish sentiment in the options market, combined with the recent price drop and mixed analyst ratings, indicates potential short-term volatility for Nike. The focus on a price band between $60.0 and $140.0 and the significant options activity underscore the market's divided view on Nike's future performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100