Mixed options sentiment in Nike with shares up 2.06%

Mixed options sentiment in Nike (NKE), with shares up $1.25, or 2.06%, near $62.09. Options volume nearly triple the daily average with 218k contracts traded and puts leading calls for a put/call ratio of 1.16, compared to a typical level near 0.9. Implied volatility (IV30) dropped 0.96 near 45.58,in the top quartile of the past year, suggesting an expected daily move of $1.78. Put-call skew flattened, suggesting a modestly bullish tone.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 7.97% or $4.95.