Mixed options sentiment in Nike with shares up 2.24%

Mixed options sentiment in Nike (NKE), with shares up $1.15, or 2.24%, near $52.39. Options volume running well above average with 80k contracts traded and calls leading puts for a put/call ratio of 0.71, compared to a typical level near 0.83. Implied volatility (IV30) dropped 1.35 near 51.05, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.68. 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 9.42% or $4.94.