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High-rolling investors have positioned themselves bearish on Nike (NYSE:NKE), and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in NKE often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Nike. This is not a typical pattern.
The sentiment among these major traders is split, with 22% bullish and 77% bearish. Among all the options we identified, there was one put, amounting to $85,239, and 8 calls, totaling $320,310.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $85.0 for Nike over the recent three months.
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Nike's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Nike's whale activity within a strike price range from $50.0 to $85.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
NKE | PUT | SWEEP | BEARISH | 08/30/24 | $0.99 | $0.98 | $0.99 | $84.00 | $85.2K | 1.0K | 958 |
NKE | CALL | SWEEP | BULLISH | 08/30/24 | $0.48 | $0.46 | $0.47 | $85.00 | $78.4K | 2.4K | 103 |
NKE | CALL | TRADE | BEARISH | 04/17/25 | $36.15 | $34.75 | $35.08 | $50.00 | $70.1K | 20 | 20 |
NKE | CALL | SWEEP | BEARISH | 09/13/24 | $1.18 | $1.17 | $1.17 | $85.00 | $31.8K | 582 | 1.1K |
NKE | CALL | SWEEP | BEARISH | 12/20/24 | $12.15 | $12.0 | $12.02 | $75.00 | $30.0K | 5.6K | 22 |
Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan (premium athletic footwear and clothing), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
Following our analysis of the options activities associated with Nike, we pivot to a closer look at the company's own performance.
In the last month, 3 experts released ratings on this stock with an average target price of $84.0.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Nike with Benzinga Pro for real-time alerts.
Posted In: NKE