Mixed options sentiment in Nike with shares down 1.86%

Mixed options sentiment in Nike (NKE), with shares down $1.19 near $62.69. Options volume roughly in line with average with 95k contracts traded and calls leading puts for a put/call ratio of 0.27, compared to a typical level near 0.58. Implied volatility (IV30) dropped 0.9 near 48.14, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.90. Put-call skew steepened, indicating increased demand for downside protection.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.