Nike (NKE) Offering Possible 22.1% Return Over the Next 30 Calendar Days

Nike’s most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $175.00 short call and a strike $185.00 long call offers a potential 22.1% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $175.00 by expiration. The full premium credit of $1.81 would be kept by the premium seller. The risk of $8.19 would be incurred if the stock rose above the $185.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Nike is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Nike is bearish.

The RSI indicator is at 57.16 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Nike

These Are The Best Robinhood Stocks To Buy Or Watch Now
Mon, 15 Nov 2021 23:41:14 +0000
Buying a stock is easy, but purchasing the right stock without a proven strategy is incredibly hard. Here are the best Robinhood stocks to buy now.

Nike (NKE) Stock Moves -0.14%: What You Should Know
Mon, 15 Nov 2021 22:45:10 +0000
Nike (NKE) closed the most recent trading day at $168.85, moving -0.14% from the previous trading session.

This Stock Crushed Earnings. Is It a Buy?
Mon, 15 Nov 2021 12:31:00 +0000
Apparel company FIGS (NYSE: FIGS) has stayed relatively under the radar since its IPO in May 2021, yet the company has performed extremely well. Unlike other IPOs that jump 100% or more during the first months of trading before suffering a long, hard fall, FIGS has been a steady performer. FIGS, however, saw its stock sell off after reporting strong earnings, becoming the latest victim of a fickle market.

Dow Jones Rises, Techs Lead Market Higher; Disney Stock Continues Lower While Nike Breakout Remains In Play
Fri, 12 Nov 2021 18:50:45 +0000
The Dow Jones Industrial Average moved higher in today’s stock market as the major indexes traded near their intraday highs.

The one thing that companies with pricing power have in common
Fri, 12 Nov 2021 17:18:34 +0000
Rick Schmidt, Harding Loevner Global Equity Portfolio Manager, joins Yahoo Finance Live to describe how companies with great brands are able to withstand inflation and supply chain pressures.

Be Sociable, Share!

Related Posts