FriscoTrades

$NKE Looking oversold

Long
NYSE:NKE   Nike, Inc
I like the idea of the 145/140P credit spread here. $1.45 credit for the 11/19 opex

30-45 days or more until expiration would capture the most premium vs. theta decay (sweet spot per Tasty Trades).

You could go long naked : ) higher risk idea . I don't have conviction on how high and quickly Nike will rebound so I like the spread trade idea here