Please use a PC Browser to access Register-Tadawul
Get It
This Is What Whales Are Betting On Nike
NIKE, Inc. Class B -1.06%
NIKE, Inc. Class B NKE | 58.02 | -1.06% |
Investors with a lot of money to spend have taken a bullish stance on Nike (NYSE:NKE).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NKE, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 26 uncommon options trades for Nike.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 38%, bearish.
Out of all of the special options we uncovered, 15 are puts, for a total amount of $2,315,659, and 11 are calls, for a total amount of $490,513.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $100.0 for Nike over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Nike's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Nike's significant trades, within a strike price range of $45.0 to $100.0, over the past month.
Nike Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NKE | PUT | SWEEP | BULLISH | 01/15/27 | $4.9 | $4.55 | $4.5 | $55.00 | $610.6K | 9.7K | 1.3K |
| NKE | PUT | SWEEP | BEARISH | 04/17/26 | $4.8 | $4.75 | $4.8 | $65.00 | $480.1K | 7.6K | 2.4K |
| NKE | PUT | SWEEP | NEUTRAL | 12/18/26 | $28.25 | $28.1 | $28.1 | $90.00 | $313.5K | 706 | 112 |
| NKE | PUT | SWEEP | BEARISH | 04/17/26 | $4.8 | $4.75 | $4.79 | $65.00 | $195.3K | 7.6K | 1.0K |
| NKE | PUT | SWEEP | BEARISH | 04/17/26 | $4.8 | $4.75 | $4.8 | $65.00 | $185.2K | 7.6K | 1.4K |
About Nike
Nike is the largest athletic footwear and apparel brand in the world. Footwear generates about two-thirds of its sales. Key performance footwear categories include basketball, running, and football (soccer). Its brands include Nike, Jordan (premium athletic footwear and clothing), NikeSkims (women's athleisure), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores (including about 5,500 in China), and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
Current Position of Nike
- With a trading volume of 5,890,805, the price of NKE is up by 1.77%, reaching $64.25.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 30 days from now.
What Analysts Are Saying About Nike
In the last month, 2 experts released ratings on this stock with an average target price of $87.5.
- In a cautious move, an analyst from BTIG downgraded its rating to Buy, setting a price target of $100.
- An analyst from Keybanc has decided to maintain their Overweight rating on Nike, which currently sits at a price target of $75.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.
