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NIKE34 trade ideas

NIKE Options Play Tomorrow AM?Pls excuse the crude drawings...this is my first published idea, My thesis behind this play is to play the swings going into 5/28, Nike's Ex-Dividend date. Yesterday 5/26 @ 7am PST, I received an alert from the Options Flow channel that there was a Calls Sweep for NKE @ the $138 Strike Exp 6/4, this was confirmed shortly after with a spike running from 6:30-9am. Going over the earnings and dividend history and different time intervals it looks like any time NKE has a sharp spike to the upside it is then followed by a snapback to support. I'm going to pay close attention to action in the pre-market and possibly play PUTS as I think there will be a drop off followed by a possible bounce back. I'll play it in reverse if the pre-market and conditions indicate otherwise. I'll most likely choose a June expiration date not 5/28. NYSE:NKE NYSE:NKE
NYSE:NKEShort
by CLEEN50
1
TrendyTrades: NKE bounce off 45MIN DemandUsing the trend-based fib extensions in combination with a 45MIN Demand, I've analyzed that there is a potential trade opportunity with NKE. If price can drop from supply (which it already has started) to around 132.61 which is confluent with a fib level, we can see price bounce up to supply once again at 134.76 and possibly break-through reaching the 1.618 golden ratio fib level that is sitting at 135.44 Placing a ight stop-loss would be ideal with this as the market is choppy today and anything can happen. NYSE:NKE
NYSE:NKELong
by Trendy-Neck
Let's see if we have the breakout on NKE As breakout traders , we look for clear sideways movements that we can define as Zig-Zag / Triangle / Irregular / Flat patterns. Once we spot one, we see the context, and then we project the possible target using Fibo extensions (the fibo extension is drawn using the previous impulse to the sideways movement) In this case, we have a clear Flag Pattern (or zig-zag pattern). It has been moving on a range for the last 112 days between 146.00 and 130.00 One of the fundamentals ideas technical analysis relies on is that Institutional traders (the guys that really move the market) need to accumulate and distribute to buy or sell. That means that they have such purchase power that they can not execute a market order without moving the price. So, if they are buying, they will need to average that, which as a consequence this type of sideways movements are created because accumulation or distribution process is going on. With all that said, we have this massive flag pattern that can be an accumulation or distribution process (we do not know that...); however, we have an activation level above the structure. That would give us more chances that we are on an accumulation process. If the price reaches our green line, we will consider the setup active, our stop loss will be below the whole structure, the first target will work as a Break-even signal, and 2nd fibo extension will work as the final target. Thanks for reading!
NYSE:NKE
by ThinkingAntsOk
NikeNIKE, INC. IS A GROWTH COMPANY. We create innovative, must-have products. We build deep, personal connections with consumers. And we deliver an integrated marketplace with compelling retail experiences. “NIKE continues to deeply connect with consumers all over the world driven by our strong competitive advantages,” said John Donahoe, President & CEO, NIKE, Inc. “Our strategy is working, as we accelerate innovation and create the seamless, premium marketplace of the future. I’ve never been more confident in our leadership and teams to operate with agility in a dynamic environment.”** Our third quarter revenue performance was impacted by disruption related to the COVID-19 pandemic, particularly in North America and EMEA. North America revenues declined 11 percent on a currency-neutral basis, largely driven by global container shortages and U.S. port congestion, which delayed the flow of inventory in the third quarter by more than three weeks, impacting timing of wholesale shipments, and partially offset by NIKE Direct growth of 15 percent. EMEA physical retail sales declined, as 45 percent of NIKE-owned stores experienced mandatory COVID-19 related closures for the last two months of the quarter, however this was partially offset by digital sales, which increased 60 percent. Today, approximately 65 percent of stores in EMEA are open or operating on reduced hours. Greater China revenues increased 42 percent on a currency-neutral basis, which reflects strong double-digit growth versus the third quarter of fiscal year 2019 as we annualize the impact of COVID-19, as well as continued strong digital sales growth of 44 percent versus prior year. “NIKE's brand momentum is as strong as ever and we are driving focused growth against our largest opportunities,” said Matt Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. “We continue to see the value of a more direct, digitally-enabled strategy, fueling even greater potential for NIKE over the long term.”** -Source: nike website Let me know what you think? Like Follow Agree Disagree! Not Financial Advice. Not a Licensed Broker.
NYSE:NKELong
by Redimere_91