Mixed options sentiment in Nike with shares down 0.1%

Mixed options sentiment in Nike (NKE), with shares down 6c near $54.08. Options volume roughly in line with average with 28k contracts traded and calls leading puts for a put/call ratio of 0.64, compared to a typical level near 0.73. Implied volatility (IV30) dropped 0.54 near 50.74, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.73. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Overweight at Barclays.Looking ahead: Nike (NKE) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.