Traders
UPDATE: Anyone who followed this idea, we are hugely in the money. Well done to everyone who followed this idea. We have made fantastic money off this equity alone. Making good money here. And I think we will continue to do so.
Nike is looking weak, we are showing signs of a tired up move, topping out, and i'm expecting a cyclic correction very, very...
After its split and shortly post-earnings, NKE still enjoys a fairly high level of volatility such that it offers a 1.00 credit plus premium setup (rank 53/implied 24).
Here's a setup:
NKE 58/67 Feb 12th short strangle
POP%: 74%
Max Profit: 1.07 credit ($107/contract)
BPE: Undefined
Break Evens: 56.93/68.07
Notes: I ordinarily only want to enter a short...
Traders,
An idea update, we have broken down and are moving well as I predicted. We are expecting nice devaluation of Nike into the longer term and well done to everyone who took it, and especially everyone in my signals group we have been profiting massively the last 2 months!, and this is a good trade to start us into the new year of success and,...
Traders
Nike is looking weak, we are showing signs of a tired up move, topping out, and i'm expecting a cyclic correction very, very soon. We will start with a minor correction, and probably gently sift into the lows, into the mean. We are seeking the bear impulse leg still, but I think I have found it today to be honest, and I think we are literally about to...
Traders
Nike is looking weak, we are showing signs of a tired up move, topping out, and i'm expecting a cyclic correction very, very soon. We will start with a minor correction, and probably gently sift into the lows, into the mean. We are seeking the bear impulse leg still, but I think I have found it today to be honest, and I think we are literally about to see...
NKE announces earnings on 12/22 (Tuesday) after market close, so look to put on your play before NY close.
Here's the standard short strangle setup:
Dec 31st 118/141 short strangle
POP%: 75%
Max Profit: 1.25 credit ($125)/contract
BPE: ~$1572
BE's: 116.75/142.25
Note: I ran an iron condor setup, but it looks like it will generate less than a .50 credit/contract...
The last 3 times $NKE has reported earnings, we have seen gains in the stock.
With earnings coming out tomorrow, playing some lotto calls might not be a terrible play.
$NKE could be forming a potential Head and Shoulders pattern.
The stock has a gap to fill to about $118.
I like the stock to bounce off this level after a solid earnings report last quarter and technical bullish momentum divergences.
Nike is the best-looking stock from our Dow Jones overview so far
On long term perspective it trades firmly above upper 1st standard deviation from 5 and 10 year means - which means that long term uptrends are well in progress.
On short term basis the long term picture is confirmed by the slope of both 1-year and quarterly means.
The august selloff did not...
