Option Strategies: NKE
Hello everyone! Today i want to share some option strategies with you!
1.
Would not be surprised if tutes see retail betting to downside on $Nike(NKE)$ and thus they pump it up in AH if earnings are not that bad. That said, you never know which way it will move.
Gonna take a lotto call spread as a funsies play and also gonna sell very conservative puts at the previous bottom (got PTSD from last time).
- STO Oct 4 exp 71 put
- BTO Oct 4 exp 100/101 call debit spread
If NKE dumps, then will look to roll up the put strike to capture more premium if it bottoms above 71. If NKE pumps, then will probs still roll up the put strike to try and capture more premium and will take profit on the call spread (assuming there is profit to be had).
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