Moderately bullish activity in Nike (NKE), with shares up $1.62, or 3.68%, near $45.83. Options volume more than double the daily average with 159k contracts traded and calls leading puts for a put/call ratio of 0.18, compared to a typical level near 0.7. Implied volatility (IV30) is higher by 0.4 points near 33.13,and below the 52wk median, suggesting an expected daily move of $0.96. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at Piper Sandler.
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