NKE Nike Options Ahead of Earnings

٢٢ يونيو ٢٠٢٤

If you haven`t sold NKE on this Head and Shoulders bearish chart pattern:

Now analyzing the options chain and the chart patterns of NKE Nike prior to the earnings report this week,
I would consider purchasing the 97.50usd strike price Puts with
an expiration date of 2024-7-19,
for a premium of approximately $4.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

٣٠ يونيو ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

NKE traded at $74.55 after earnings, and the Puts went up from $4.25 (when I wrote this article) to $24.30 on friday, for a Fantastic 5.71X gain!
Might be the signal of the month!
Congrats to those who bought the Puts!