With NKE in the news and having earnings soon, it’s a good time for a diagonal spread.
Listen to Options Playbook Radio 225: NKE Diagonal Spread
Nike (NKE) has been in the news a lot lately and will announce earnings on September 25. Let’s take a look at a diagonal trade. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.
Specifically:
- A review of last week
- What happened to the SPX?
- Did you get out, or did you get the stupid award?
- NKE is near all-time highs
- Setting up the trade
- Selecting strikes and expirations
- Pay attention to the delta of the trade
- Addressing different scenarios
Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.