Nike's Options Activity: Trends and Analyst Insights Revealed
Nike Options Activity: What Investors Should Watch
Investors have leaned noticeably bearish on Nike (NKE) lately—a tone worth noting if you track the stock. Public options data shows a flurry of activity around NKE, hinting that something may be brewing beneath the surface. The traders behind these moves aren’t named, but the size and pace of orders often foreshadow shifts in the stock’s path.
Today’s review flags an active options tape for Nike: 17 standout prints crossed the tape, with sentiment split—about 35% of the flow read as bullish and 52% skewed bearish. The takeaway: positioning looks mixed overall, but it tilts negative.
What the Options Market Is Pricing In
Recent options positioning helps map out expected stock moves. Based on where volume and open interest clustered, larger players have focused on strikes implying a rough $50 to $90 range for Nike over the past quarter. That kind of targeting usually points to defined risk-reward setups rather than guesswork.
Reading Volume and Open Interest
Volume tells you what traded today; open interest shows what’s still open after the close. Watching both gives traders a sense of liquidity and where attention is building across Nike’s strikes. Over the past 30 days, tracking the ebb and flow in calls and puts has offered a running read on sentiment and how traders are adjusting to new information.
Snapshot: Nike’s Options Pulse
The latest snapshot of Nike’s options shows notable activity in both calls and puts. Looking at how these trades line up across expirations and strikes can help frame potential paths for the stock—near term and out on the calendar.
Highlights From Recent Large Trades
Here are three of the larger Nike option prints spotted recently:
Symbol: NKE
PUT/CALL: PUT
Trade Type: TRADE
Sentiment: BULLISH
Expiration Date: 10/18/24
Ask: $2.35
Bid: $2.27
Price: $2.30
Strike Price: $75.00
Total Trade Price: $115.0K
Open Interest: 9.0K
Volume: 531
Symbol: NKE
PUT/CALL: CALL
Trade Type: SWEEP
Sentiment: BULLISH
Expiration Date: 12/20/24
Ask: $3.50
Bid: $3.40
Price: $3.50
Strike Price: $85.00
Total Trade Price: $114.7K
Open Interest: 2.5K
Volume: 859
Symbol: NKE
PUT/CALL: CALL
Trade Type: TRADE
Sentiment: BEARISH
Expiration Date: 01/17/25
Ask: $8.60
Bid: $8.55
Price: $8.55
Strike Price: $75.00
Total Trade Price: $85.5K
Open Interest: 7.5K
Volume: 113
About Nike
Nike is the world’s leading athletic footwear and apparel brand, with strength across categories like basketball, running, and football (soccer). Footwear generates roughly two-thirds of total sales. Its portfolio includes Jordan, known for premium athletic footwear, and Converse, a staple in casual shoes. Nike sells through company-owned stores, franchise partners, and third-party retailers, and integrates e-commerce across more than 40 countries. Most production comes from external manufacturers located in over 30 countries. Founded in 1964, Nike is headquartered in Beaverton, Oregon.
With that backdrop, here’s where things stand right now for the stock.
Nike’s Current Setup
- NKE last traded at $77.77, down 2.16%, on volume of 5,737,203 shares. That price action sets the tone for near-term sentiment.
- Relative Strength Index (RSI) readings look neutral—neither stretched to the upside nor washed out to the downside.
- The next earnings report is approaching and expected soon, a typical catalyst for repricing.
What Recent Analysts Are Saying
Over the past month, three analysts weighed in with an average price target of $84.00. The views vary, and that spread matters:
- Stifel reiterated a Hold with a $79 target.
- Piper Sandler moved to Neutral and set an $80 target.
- Williams Trading turned more positive, upgrading to Buy with a $93 target.
Options can be demanding—position sizing, timing, and discipline all matter—but they also offer flexible ways to express a view. Experienced traders tend to iterate: they learn, adjust their structures, lean on tools, and stay aware as the market shifts.
Frequently Asked Questions
What does the recent bearish options flow imply for Nike?
It suggests a cautious tone. With 52% of tracked activity leaning bearish (and 35% bullish), traders appear positioned for potential downside or volatility, even as opinions remain mixed.
What’s Nike’s latest stock price and move?
Nike most recently traded at $77.77, down 2.16%, on volume of 5,737,203 shares. That snapshot frames the day’s pressure on the stock.
How are analysts framing Nike’s outlook?
Views are split. The average target across three recent notes sits at $84.00, with ratings ranging from Hold and Neutral to an upgraded Buy.
Why do volume and open interest matter in options?
They help gauge participation and focus. Volume shows what traded today, while open interest shows how many contracts remain open—useful for spotting where attention and liquidity cluster.
Is trading Nike options risky?
Yes. Options carry risk and require planning. That said, careful sizing, ongoing education, and staying alert to market changes can help manage those risks.
About The Author
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