Decoding Nike's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Nike (NYSE:NKE) through significant options activity, with 46% of the trades being bearish. The options activity includes 8 puts totaling $539,942 and 5 calls amounting to $257,815. The price window for these trades ranges from $60.0 to $95.0. Nike's stock is currently trading at $72.15, up by 1.04%.
July 26, 2024 | 3:16 pm
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Significant bearish sentiment from deep-pocketed investors towards Nike (NYSE:NKE) with 46% of options trades being bearish. The price window for these trades ranges from $60.0 to $95.0.
The significant bearish sentiment from deep-pocketed investors, as evidenced by the high volume of put options, suggests a potential downward pressure on Nike's stock price in the short term. The price window of $60.0 to $95.0 indicates a broad range of expectations, but the overall bearish sentiment is likely to impact the stock negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100