Long Nike on the 76 fib

NKE has been getting hammered badly recently and all of this can build up into cap down capitulations to the 76.

I like buying things cheap. Especially at 76 fibs and I love things crashing into 76 fibs.


Taking a NKE position build up of shorting put spreads and buying calls. Betting the low is in and we retrace at least 40% of the drop - possibly get to the high.