NKE Run-up into earnings?
Updated
NKE holding above $130 still and earnings are just around the corner on June 24th
I personally like NKE as long as it continues to hold $130 support. Earnings coming up and may see a nice pop prior to the report.
More on the RISKY side of trades for me since we have seen market weakness recently and it may force NKE down as well but I think its worth a shot long.
Looking at July 16th $145 Calls for 0.62
REMEMBER TO SCALE INTO TRADES AND NEVER ENTER YOUR ENTIRE POSITION AT THE START.
NOT FINANCIAL ADVISE! JUST SHARING MY IDEAS AND OPINIONS ON WHAT I THINK ABOUT THE STOCK
I personally like NKE as long as it continues to hold $130 support. Earnings coming up and may see a nice pop prior to the report.
More on the RISKY side of trades for me since we have seen market weakness recently and it may force NKE down as well but I think its worth a shot long.
Looking at July 16th $145 Calls for 0.62
REMEMBER TO SCALE INTO TRADES AND NEVER ENTER YOUR ENTIRE POSITION AT THE START.
NOT FINANCIAL ADVISE! JUST SHARING MY IDEAS AND OPINIONS ON WHAT I THINK ABOUT THE STOCK
Note
Broke below $130 but held the next support which was $125 and now has reclaimed the $130 support and running up into earnings.Note
Well.....I think this was a great trade. lol
$125 support held and quickly reclaimed the $130 level and then ripped and popped for earnings. Amazing profits for anyone that was still in the trade. Congrats on the profits and remember to scale out and not let your trade go red. We move to the next idea.
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