NaughtyPines

NKE EARNINGS PLAY

NYSE:NKE   NIKE INC
a year ago
NKE             announces earnings on 12/22 (Tuesday) after market close, so look to put on your play before NY close.

Here's the standard short strangle setup:

Dec 31st 118/141 short strangle
POP%: 75%
Max Profit: 1.25 credit ($125)/contract
BPE: ~$1572
BE's: 116.75/142.25

Note: I ran an iron condor setup, but it looks like it will generate less than a .50 credit/contract ... . I would also note that it may be less than ideally liquid, so you may want to shoot for a higher fill price if the opportunity presents itself.
a year ago
Comment: Post-announcement, it looks like NKE took a minor bounce that is well within my short strikes. My guess is that with the upcoming split, there may be less buying interest than usual post-announcement and that buyers are potentially waiting to pounce on it post split ... .
a year ago
Comment: Out for 50% max profit. Gotta love the quickies ... .
NaughtyPines
a year ago
Filed for 1.25 ... .
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out