If you haven`t sold NKE on this Head and Shoulders bearish chart pattern:
Now analyzing the options chain and the chart patterns of NKE Nike prior to the earnings report this week, I would consider purchasing the 97.50usd strike price Puts with an expiration date of 2024-7-19, for a premium of approximately $4.25. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade chiuso: obiettivo raggiunto
NKE traded at $74.55 after earnings, and the Puts went up from $4.25 (when I wrote this article) to $24.30 on friday, for a Fantastic 5.71X gain! Might be the signal of the month! Congrats to those who bought the Puts!
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