Nike (NKE) Offering Possible 16.55% Return Over the Next 37 Calendar Days

This post was originally published on this site

Nike’s most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 16.55% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $1.42 would be kept by the premium seller. The risk of $8.58 would be incurred if the stock dropped below the $145.00 long put strike price.

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

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

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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


5 Dow Jones Stocks To Buy And Watch In July 2021: Apple Falls, Disney Surges
Tue, 13 Jul 2021 00:13:33 +0000
The Dow Jones Industrial Average remains near record highs at the start of July, as the current stock market rally continues. The best Dow Jones stocks to buy and watch in July 2021 are Apple, Boeing, Disney, Microsoft and Nike.

These Are The Best Robinhood Stocks To Buy Or Watch Now
Mon, 12 Jul 2021 22:06:14 +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.

Gyms struggle to get back to pre-pandemic life
Mon, 12 Jul 2021 14:10:32 +0000
Yahoo Finance’s Brian Sozzi, Julie Hyman, and Myles Udland discuss how the gym industry is faring as the world begins to recover from COVID-19.

This Top Consumer Discretionary Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
Mon, 12 Jul 2021 13:00:01 +0000
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Rank.

3 Inflation-Proof Dividend Stocks to Buy Today
Mon, 12 Jul 2021 10:19:00 +0000
Inflation is running high right now, with the latest measures running at a 5% annual rate, or well above the 2% rate that the Federal Reserve aims for over the long term. Sure, that spike might be mostly driven by temporary trends related to the pandemic, but inflation still counts as a major risk for investors. With that in mind, let’s look at a few dividend stocks that have been boosting their payouts at a faster rate than inflation, and thus provide serious protection against rising consumer prices.

Be Sociable, Share!

Related Posts