Mixed options sentiment in Nike with shares down 0.35%

Mixed options sentiment in Nike (NKE), with shares down 26c near $74.36. Options volume relatively light with 12k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 0.8. Implied volatility (IV30) dropped 1.22 near 29.37,and below the 52wk median, suggesting an expected daily move of $1.38. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Overweight at JPMorgan.