Moderately bullish activity in Nike (NKE), with shares down 59c near $62.05. Options volume roughly in line with average with 48k contracts traded and calls leading puts for a put/call ratio of 0.56, compared to a typical level near 0.47. Implied volatility (IV30) is higher by 1.4 points near 48.37, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.89. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Overweight at Wells Fargo.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NKE:
- ‘Time for Bottom Fishing’: Analysts See Potential Rebound Ahead for These 2 Beaten-Down Stocks
- Moderately bullish activity in Nike with shares up 0.28%
- Nike price target lowered to $86 from $100 at JPMorgan
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Under Armour Stock (UAA) Falls on News of Break-Up with Basketball Star Steph Curry