Nike Unusual Trading Volumes Revealed

Nike Sees Unusual Options Activity Ahead of Earnings Release

Nike, Inc. (NYSE: NKE) has seen unusual options activity ahead of its upcoming earnings release, according to data from Benzinga Pro.

As of March 14, there were over 17,000 call options traded on Nike, with the majority of the activity occurring in the $80 to $85 strike price range. This is a significant increase from the average daily volume of around 4,500 call options traded on the stock over the past month.

The unusual options activity has caught the attention of market analysts and traders, who are looking for clues about the company's upcoming earnings release. Nike is set to report its quarterly earnings on March 21, and the unusual options activity could be a sign of increased optimism or caution ahead of the release.

One possible explanation for the unusual options activity is that investors are betting on a strong earnings report from Nike. The company has been performing well in recent quarters, and investors may be looking to capitalize on any potential upside in the stock price. Alternatively, the unusual options activity could be a sign of caution, with investors looking to hedge their bets ahead of the earnings release.

Regardless of the reason, the unusual options activity is a sign that investors are paying close attention to Nike's upcoming earnings release. The company's stock has been trading in a narrow range over the past few months, and any significant movement in the stock price could be driven by the earnings release.

In recent trading, Nike's stock has been trading around $82.50 per share, down about 1% from its 52-week high of $84.50. The company's market capitalization is around $245 billion, making it one of the largest companies in the world.

The unusual options activity on Nike is just the latest example of the unusual market activity that has been seen in recent weeks. Other companies, such as Amazon and Facebook, have also seen unusual options activity ahead of their earnings releases. This increased activity is a sign that investors are becoming more active in the options market, and could be a sign of increased volatility ahead.