the_get_man
Long

The Ideal Trade Scenerio on NKE

NYSE:NKE   NIKE INC
46 0 5
Nike             is trading near 52-week lows, has formed a new trend of higher-highs and higher-lows, and the 10ema has crossed the 50sma which I love to see.

Would love to get a Pull back to 52. Since I do not expect Nike             to go that low I am going to sell some Jan17 52 puts for .26. will enter a long put for account leverage.

The setup is:
Trigger:52
Stop: 51.33
Target: 54.68
R:R - 4:1

Plan A: receive .26 premium
Plan B: get put shares and own nike            
Plan C: Manage risk if below stop thru options
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