$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...
View ArticleMorningWord 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...
View ArticleNike (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 2015. While sales...
View ArticleNike (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...
View ArticleNike (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 $55.50, the Sept30th weekly 55.50...
View ArticleNike (NKE) Swoosh – Update
On Friday we previewed Nike’s (NKE) fQ1 results that were issued yesterday after the close. We felt the combination of relative under-performance of the stock, its precarious technical set up sitting...
View ArticleChart of the Day: COST, XRT – What’s in Store?
Last Thursday we took a look at Costco (COST) (MorningWord 9/29/16: COST’$ Cut) into its into their fiscal Q4 results that evening. The stock was clearly oversold into the print, down 13% from its...
View ArticleClosing Nike (NKE) October Put Spread
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 line, and offer...
View ArticleLULU Q3 Earnings Preview and Stock Alt
Athleisure stocks are ripping today with Lululemon (LULU) leading the way, up 4%, Nike (NKE) up 3% and Under Armour (UA) up 2.5%. All three stocks are well off of their 2016 highs though, with LULU...
View ArticleNike (NKE) – Just Define It
Event: Nike (NKE) reports fiscal Q2 results tonight after the close. The options market is implying about a 4.5% one day post earnings move. With the stock at $51.50, the Dec23rd weekly 51.50 strangle...
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