gotchu! here’s the NKE Flow. there’s a lot of stuff to digest so you gotta sit there and think about it a bit
NKE – Call Calendar Spread – Buying at Call Calendar Spread at 165 with exp 9/24 (sell leg) and 10/1 (buy leg) for $45 per contract …By going with this spread, Short leg expiring tomorrow is going to collect from theta and from Vega … I think NKE will make a move up after the report and with the Calendar, we have a range that will cover a big move up or even a drop to $150 … Here’s the visual of that play
NKE ER tomorrow. Hope this helps. I am watching it 👀
You’ve seen this before on many plays but @here it is again on NKE. Red line is where sellers are pushing it down. Blue line is where buyers are buying more and more. Once we break above the red line, sellers have no longer any reasons to sell. They report after the bell tomorrow. I will not hold through earnings.
Earnings for this week … AZO tomorrow morning … FDX and NKE later this week