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FRTraders
Sep 3, 2019 3:13 PM

Buying Nike here ... Long

Nike, Inc.NYSE

Description

The stock started a solid move last week but with the overall markets being so bearish, that recent run has slowed down.

We still think that despite all that collusion on the chart, the stock is actually still in a mini bull run. Earnings are on the 23rd and we expect a strong move into them.

We'll buy the 9/20/2019 $90 calls to try and take advantage of it ...

Trade closed: target reached

Can't pass on an easy 109% overnight ...
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