Mixed options sentiment in Nike (NKE), with shares up 30c, or 0.39%, near $75.72. Options volume relatively light with 28k contracts traded and puts leading calls for a put/call ratio of 1.88, compared to a typical level near 0.89. Implied volatility (IV30) dropped 1.2 near 26.79,and below the 52wk median, suggesting an expected daily move of $1.28. Put-call skew steepened, indicating increased demand for downside protection.
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Read More on NKE:
- Academy Sports price target raised to $65 from $58 at Telsey Advisory
- Nike’s Strategic Inventory Management and Growth Prospects Support Buy Rating
- Nike price target raised to $85 from $81 at Goldman Sachs
- Moderately bullish activity in Nike with shares up 2.9%
- Deckers Outdoor price target lowered to $90 from $100 at Wells Fargo