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
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Broke below $130 but held the next support which was $125 and now has reclaimed the $130 support and running up into earnings.
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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.
Support is more like at 125 then 130 based on recent price action.
GravityTrades
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@starsora04, Yes now that is broke the $130 level the next support is $125 price level but it still looks nice for a run-up if markets can start to gain bullish momentum this week.
UnknownUnicorn7245819
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@GravityTrades, Next week is the key especially with earnings. Based on next week's action, I might sell some options going into earnings on Thursday.