hungry_hippo

NKE exhaustion gap?

Short
Nike (NYSE:NKE)  
NYSE:NKE   Nike
Looks topped out with a reversal pattern. Bought next week's puts, but might flip it tomorrow if it drops a buck. PoS has a tendency to bounce at the top.

Also, MFI divergence, coming off overbought condition.
Trade closed manually:
I had both UAA and NKE puts, decided to flip this as the action is better for UAA
Comment:
Lucky I flipped those puts, have no idea WTF this is doing. Same with MTH. Both up in a down market to new ATH with MFI divergence on teh daily.
Comment:
Timing was off but it did hit my target....
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.