Moderately bullish activity in Nike with shares up 1.93%

Moderately bullish activity in Nike (NKE), with shares up $1.01, or 1.93%, near $53.73. Options volume relatively light with 38k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.89. Implied volatility (IV30) is higher by 0.1 points near 49.52, 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.Looking ahead: Nike (NKE) will report earnings after the close on 2026-03-31.Option markets are pricing in a 50% probability of a move greater than 8.76% or $4.71.