Mixed options sentiment in Nike (NKE), with shares down 3c near $59.48. Options volume roughly in line with average with 40k contracts traded and calls leading puts for a put/call ratio of 0.78, compared to a typical level near 0.8. Implied volatility (IV30) dropped 1.35 near 49.76, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.86. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Nike (NKE) will report earnings after the close on 2025-06-26.Option markets are pricing in a 50% probability of a move greater than 8.26% or $4.91.
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