$NKE earnings play$NKE Reverse Iron Condor
Sell: 9/27 93c for .38
Buy: 9/27 92.5c for .48
Buy: 9/27 85.5p for .1.25
Sell: 9/27 85p for .1.08
Net Debit: $0.27 (Max Loss)
Max Profit: $0.23 (<85.23 or >92.77)
NKE trade ideas
NKE: Wait to Buy- NKE trading in large lateral channel
- Unable to break past 90
- Wait for drop to $80 then buy back
Chinese Canceled and Nike Suffers...Very unexpectedly, Chinese officials canceled their upcoming meeting with the White House today. And as suddenly as the news came out, the market left the green territory and soon became red, moving VIX by +9.04%.
Since about 19% of Nike's sales take place in the Chinese market, the news impacted the stock negatively. Besides the news, the chart also signifies that something is holding the stock back. ~89.50 level has been a strong selling area since April and the price has not successfully passed this level ever since. This identifies a strong selling pressure at ~89.50 price. It could also be an early sign for a triple top pattern (I do see this likely, but the pattern is not developed yet). In a longer timeframe such as the weekly chart, NKE has been developing a rising wedge pattern. The pattern is bearish and if we take the recent rally from ~78 to ~88, I believe we have a partial raise. After touching the lower boundary of the wedge in August, this increases the likelihood of a bearish breakout by 80%. With respect to momentum, bullish momentum has been decreasing rapidly and MACD should signal a sell on Monday. Today's candlestick was also quite bearish.
I currently have an active position; I have been short since Monday and it has been losing all week. Nevertheless, it turned into profit just today. No further scaling in; Just watching its flow...
Cheers!
9/20 Option Call for NKE Based on current market conditions and previous trends, I am predicting NKE to be worth $88 a share by September 20th.
I am an experienced investor but new to trading view, I will be focusing on price trends for Options trading.
Feel free to comment your opinion. I am 0 for 0 on my Calls based on my trading view trending experience.
NKE TradeSo I flipped some puts earlier this week for a good gain, re-entered the trade today. NKE appears to be rangebound since the recovery from the big drop, and it seems to wind up around $84 for earnings.
Decided to hold on to the puts for Monday, the conservative target is $86, aggressive target is $84.5. Depends on what the computers do with Dow futures. If the Dow stays flat or green like today, I'm bailing early.
Note that I'm doing quick flips, I got a couple of messages that NKE wasn't going anywhere AFTER I had already posted that I had closed the trade earlier this week. If anyone followed me into this trade today (posted it in my earlier NKE post), I plan on flipping the puts when it goes oversold on the hourly again.
NKE isn't gonna tank unless earnings suck, don't hold the short position expecting this to go straight down.
Nike about to test heavy Resistance Technical analysis
We see a divergence between the OBV indicator with a downtrend since august. (short-time bear)
Heavy resistance will probably be tested soon around $90 . / check chart for more details
NKE, just short it.Can't believe this PoS hit ATH again. Obviously getting a pump from being in the Dow, this will tank again when the pump stops.
Rolled my COUP profits into some weekly puts. Might just be a one day play on what appears to be a reversal. Of course they might pump futures tonight, so be careful. Small play.
Nike updateNike market cap $138.51B and is part of Dow Jones. Price approaching all time highs again. Recent daily candles show price finds it difficult to go higher, though there is space to overbought on a daily.
4 hour though quite overbought and candles showing potential reversal here. Great risk reward for a short here.
Good Luck!
Buying Nike here ...The stock started a solid move last week but with the overall markets being so bearish, that recent run has slowed down.
We still think that despite all that collusion on the chart, the stock is actually still in a mini bull run. Earnings are on the 23rd and we expect a strong move into them.
We'll buy the 9/20/2019 $90 calls to try and take advantage of it ...
Nike - daily structureSeems like a correction is almost complete.
Looking for an impulse in wC to complete as a 5 wave movement.
$NKE Historical Movement: Nike Loves The 50% RetracementPrevious price action shows Nike reversing off the 50% retracement. Im looking for a short if this level holds.
$NKE Nassive Monthly H&S of DEATH Forming? Tariffs to Come?Taking a big picture look here it seems we could have a left shoulder and head formed on the monthly. Now it would be time to go into a lengthy development of the right shoulder.
Anyways based on this chart, long-term, I'd be short on Nike but let's see what happens. This could be an indicator of Tariffs to come.
