Moderately bullish activity in Nike (NKE), with shares up $1.40, or 2.21%, near $64.53. Options volume relatively light with 51k contracts traded and calls leading puts for a put/call ratio of 0.81, compared to a typical level near 0.83. Implied volatility (IV30) is higher by 6.9 points near 44.79,and above the 52wk median, suggesting an expected daily move of $1.82. Put-call skew steepened, indicating increased demand for downside protection.
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