The Options Insider

Bullish Call Spread Goes up in NKE

by | Apr 4, 2016 | Unusual Activity

5000 NKE Jul 62.5/65 calls went up in 2 blocks on the ARCA

NKE

Shares of Nike Inc. (NKE) are down 1.88 to 59.71. ?NKE is at the higher end of the 52 week range.

  • Paper traded 5000 NKE Jul 62.5/65 calls for 2.26 over 1.28.??
  • ADV is 30876 contracts.
  • The OI is 3054 and 8760 contracts.

The trade went up in 2 blocks on the ARCA marked spread.? Total volume on the strike is over10000 contracts with the long call leg paying through the offer.? The trade as priced looks bullish hoping for NKE to bounce.

  • IV30 is 22% and HV10 is 26%??
  • The Implied volatility trades at a discount to the realized volatility currently.

NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services.?