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Nike call volume above normal and directionally bullish

Bullish option flow detected in Nike (NKE) with 29,545 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 24.52%. 1/31 weekly 76 calls and 1/31 weekly 75 calls are the most active options, with total volume in those strikes near 16,800 contracts. The Put/Call Ratio is 0.12. Earnings are expected on March 20th.

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