Xiao0201
01-02

Well, it's a nice article. 

@mster：
$NKE 20240119 103.0 PUT$ In Nike's recent earnings report, although the company exceeded expectations in terms of earnings, it fell short on revenue and adjusted its outlook downward. This led to a significant market sell-off of over 10%. Having experienced a bearish trend since November 2021, Nike has managed to bounce back by 50% from its low point of $81. However, it has struggled to catch up with the broader market. From a technical perspective, there was a prolonged resistance trend line from its peak at $173 to a breakthrough at $108 at the end of November this year. The recent downturn appears to have found support at this resistance line, indicating a positive sign that Nike might be on the path to recovery. Based on the technical analysis above, the next support level appears to be at $103, a level tested multiple times in recent months. I've decided to sell a cash-secured put at $103 expiring on the 3rd Friday of January. If the stock price remains above $103, I'll retain the collected premium of $38. However, if it falls below $103, I'm prepared to take ownership of the underlying stock. I have confidence that Nike is currently fairly valued and has the potential for further upward movement in the near future. @TigerStars @TigerEvents @CaptainTiger @Tiger_SG @Daily_Discussion
$NKE 20240119 103.0 PUT$ In Nike's recent earnings report, although the company exceeded expectations in terms of earnings, it fell short on revenue and adjusted its outlook downward. This led to a significant market sell-off of over 10%. Having experienced a bearish trend since November 2021, Nike has managed to bounce back by 50% from its low point of $81. However, it has struggled to catch up with the broader market. From a technical perspective, there was a prolonged resistance trend line from its peak at $173 to a breakthrough at $108 at the end of November this year. The recent downturn appears to have found support at this resistance line, indicating a positive sign that Nike might be on the path to recovery. Based on the technical analysis above, the next support level appears to be at $103, a level tested multiple times in recent months. I've decided to sell a cash-secured put at $103 expiring on the 3rd Friday of January. If the stock price remains above $103, I'll retain the collected premium of $38. However, if it falls below $103, I'm prepared to take ownership of the underlying stock. I have confidence that Nike is currently fairly valued and has the potential for further upward movement in the near future. @TigerStars @TigerEvents @CaptainTiger @Tiger_SG @Daily_Discussion

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet