NikeLong
The Ideal Trade Scenerio on NKE
Nike is trading near 52-week lows, has formed a new trend of higher-highs and higher-lows, and the 10ema has crossed the 50sma which I love to see.
Would love to get a Pull back to 52. Since I do not expect Nike to go that low I am going to sell some Jan17 52 puts for .26. will enter a long put for account leverage.
The setup is:
Trigger:52
Stop: 51.33
Target: 54.68
R:R - 4:1
Plan A: receive .26 premium
Plan B: get put shares and own nike
Plan C: Manage risk if below stop thru options
Would love to get a Pull back to 52. Since I do not expect Nike to go that low I am going to sell some Jan17 52 puts for .26. will enter a long put for account leverage.
The setup is:
Trigger:52
Stop: 51.33
Target: 54.68
R:R - 4:1
Plan A: receive .26 premium
Plan B: get put shares and own nike
Plan C: Manage risk if below stop thru options
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.