Mixed options sentiment in Nike (NKE), with shares up $11.24, or 17.98%, near $73.78. Options volume extremely heavy with 663k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.93. Implied volatility (IV30) dropped 14.71 near 32.27,and below the 52wk median, suggesting an expected daily move of $1.50. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at HSBC.The company announced earnings after the close on 2025-06-26with option markets having priced in a move of approximately 8.19%.
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