$Nike(NKE)$ is Nike a buy now after hitting 4 year low?
NIKE stock price currently stands at 72.88 USD, the latest corporate result indicating a challenging market environment for the global sportswear giant. Do you think it is worthto perform a sell put option at $60?
I think it may not hit in one month time. Even if it hit, you are getting a steep discount from a lot of traders.
could it be cheap can be cheaper?
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The previous low was $60 in 2020. If more sellers come in, it could be reached. That’s still a 17.6% drop.