On Spetmeber 23rd we previewed NKE’s earnings and detailed a trade idea to target the $50 level. Here was the trade and our rationale at the time: If the company were to just come in …
Continue readingClosing Nike (NKE) October Put Spread
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Chart of the Day: COST, XRT – What’s in Store?
Last Thursday we took a look at Costco (COST) (MorningWord 9/29/16: COST’$ Cut) into its into their fiscal Q4 results that evening. The stock was clearly oversold into the print, down 13% from its August …
Continue readingNike (NKE) Swoosh – Update
On Friday we previewed Nike’s (NKE) fQ1 results that were issued yesterday after the close. We felt the combination of relative under-performance of the stock, its precarious technical set up sitting on near and long term support and the …
Continue readingNike (NKE) – Swoosh?
Event: Nike (NKE) reports fiscal Q1 results Tuesday after the close. The options market is implying about a 4.25% one day post earnings move. With the stock at $55.50, the Sept30th weekly 55.50 strangle (the …
Continue readingNike (NKE) Update – Rio Bravo
Two weeks ago we looked at Nike (NKE) stock and thought that it offered good risk reward for those looking for a catch-up trade, especially given the international exposure that comes from Olympic Games time. …
Continue readingNike (NKE) – Blame it on Rio
Prior to Nike’s (NKE) fiscal Q4 earnings report in late June, the stock was trading at 2016 lows, which was down almost 25% from its 52 week and all time highs made in late December …
Continue readingMorningWord 7/12/16: Maybe so, but I doubt it
My CNBC’s Options Action co-panelist and technician at Cornerstone Macro Research Carter Worth has had a bearish slant towards U.S. stocks for some time now, like myself. Yesterday, he succinctly laid out why yesterday’s new all …
Continue reading$NKE Fiscal Q4 Earnings Preview
Event: Nike (NKE) reports their fiscal Q4 results tomorrow after the close. The options market is implying about a 5.5% one day post earnings move in either direction. With the stock just below $52 the …
Continue readingUpdate $UA – Sent Back to the Chef
A little more than a month ago I detailed a bullish trade in shares of Under Armour (UA). The stock had just seen a sharp decline after its mid April earnings gap higher. Aside from …
Continue readingBig Printin’ – $NKE Swoosh?
U.S. stocks large cap stocks are the best performing in the developed world, with the S&P 500 (SPX) up nearly 1.5% in 2016, and down about 2% from its year ago all time highs, vs …
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