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Nike call volume above normal and directionally bullish

Bullish option flow detected in Nike (NKE) with 150,641 calls trading, 11x expected, and implied vol increasing over 2 points to 27.90%. 12/26 weekly 60 calls and 12/26 weekly 61 calls are the most active options, with total volume in those strikes near 36,100 contracts. The Put/Call Ratio is 0.24. Earnings are expected on March 19th.

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