Bullish option flow detected in Nike (NKE) with 33,103 calls trading, 1.7x expected, and implied vol increasing almost 5 points to 33.90%. 12/27 weekly 65 puts and Jan-27 77.5 calls are the most active options, with total volume in those strikes near 6,400 contracts. The Put/Call Ratio is 0.49. Earnings are expected on December 19th.
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Read More on NKE:
- Nike price target lowered to $73 from $78 at TD Cowen
- Bill Ackman Piles In on NKE and BBU Stocks but Trims HLT
- Nike call volume above normal and directionally bullish
- Nike raises quarterly dividend 8% to 40c from 37c per share
- Ackman’s Pershing Square buys Seaport, boosts Nike in Q3
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
