Source: CNBC Television
Options Action: Nike stock slips as traders take bullish tone
Jun 28, 2023 · 2m 6s
https://www.youtube.com/watch?v=G5KaXp_mxeQ
JPMORGAN REITERATING ITS OVERWEIGHT CALL ON THE STOCK AHEAD OF TOMORROW'S EARNINGS REPORT OPTIONS TRADERS ARE BETTING THIS NAME COULD BE DUE FOR A SPELL ON THE SIDELINES. KEVIN KELLY'S GOT THE ACTION HEY, KEVIN >> HI, MELISSA TODAY, YOU ACTUALLY SAW THE PUT/CALL RATIO COME DOWN FROM 11 1/2 TO ENDING THE DAY 1.16 TIMES. AND THAT'S INTERESTING, BECAUSE TOMORROW'S MOVE IS ANTICIPATED TO BE 6.4% FOR THE
STOCK, AND THAT'S ABOUT 2% BELOW ITS HISTORICAL AVERAGE AND TODAY, THE -- ONE OF THE MOST ACTIVE CONTRACTS YOU SAW WAS THE 100 STRIKE PUT THAT EXPIRES IN TWO DAYS. AND WE SAW AT THE END OF THE DAY, OVER 5,000 OF THOSE CONTRACTS TRADED AND THEY CLOSED AROUND 28 CENTS. >> ALL RIGHT, KEVIN, THANK YOU KEVIN KELLY. TIM, HOW ARE YOU FEELING ABOUT NIKE >> WELL,
I THINK THERE'S BEEN A MAJOR CORRECTION IN INVENTORY. I THINK THEY'VE DONE AN ADMIRABLE JOB ON LIMITING PROMOTIONS THEY SAID THEY'RE GOUGE TO LIMIT PROMOTIONS WHOLESALE IS GOING TO CONTRACT ON THIS FISCAL Q-4 '23 NUMBER, AND THAT'S KIND OF THE STORY U.S. IS GOING TO GROW 400%, CHINA TEN. I JUST THINK THIS IS NOT GOING TO GET AWAY FROM YOU I THINK IT'S A GREAT COMPANY,
BUT I REMAIN SHOERT STEVE, QUICK >> TIM HAS A BETTER FEEL FOR NIKE IF I LOOK AT THE CHART, IT LOOKS LIKE IT STILL HAS SOME POTENTIAL. LAST TIME, I SAID SKETCHERS, THAT DID NOT WORK FOR TH
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