NKE Nike Options Ahead of Earnings

If you haven`t sold NKE on this Head and Shoulders bearish chart pattern:

NKE Nike Price target after Head And Shoulders Pattern

Now analyzing the options chain and the chart patterns of NKE Nike prior to the earnings report this week,
I would consider purchasing the 97.50usd strike price Puts with
an expiration date of 2024-7-19,
for a premium of approximately $4.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade closed: target reached

NKE traded at $74.55 after earnings, and the Puts went up from $4.25 (when I wrote this article) to $24.30 on friday, for a Fantastic 5.71X gain!
Might be the signal of the month!
Congrats to those who bought the Puts!

TopgOptions

Private SIGNALS patreon.com/PremiumOptionsSignals
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/

Also on:

Related publications

NKE Nike Price target after Head And Shoulders Pattern

by TopgOptions