NIKE analysisAs for Nike we are having 2 buying opportunities. If we gain the resistance level we can play the retest. If the price drops again we can buy on the bottom of the range. Always plan for different scenarios. Trade wise!
NKED trade ideas
NIKE Put Option Play - Ex-Dividend Expiration 5/28NYSE:NKE NIKE (NKE) Put Option Play - FRI 5/28
I hope you guys were able to capitalize on todays NKE Put option play. I had to wait it out but it did pay out a nicely.
OK, as many of you know, today 5/27 was the last day to buy NKE shares in order to qualify for Nike's dividend payment.
Those who were only holding for the dividend are able to sell tomorrow 5/28 and still receive their payment.
If you look thru NKE chart history you can clearly see a sell off directly after each qualifying date.
SNAP has ran up nicely ALL WEEK after being shorted/manipulated last week so that many CALL options would not cover.
I think with the potential inflation data looming over the market and it also being the end of the week, we are going to be seeing folks take some profits.
Tomorrow 5/28 the Personal Consumption Expenditures Price Index will be released.
This index is what is used by the FED as their preferred inflation measure.
If this shows that inflation is going higher than expected, it could cause the FED to act sooner and the market WILL react.
Taking into consideration these factors, I think it is likely we have a bearish day tomorrow.
Pay very close attention to futures and the 10-Yr bond yield tonight and before market open as this should give us a feel as to what type of day it will be.
Possible Option Play NYSE:NKE
Strike Price: $136-138 Put
Expiration Date: 5/28 or 6/4
Stop Loss: 40%
Notes: Watch price action & volume in pre-market. Make sure there is liquidity/open interest in the option.
This will be a quick in & out play as I'm anticipated a sharp gap/spike to the downside.
Open to all questions, critique and conversation. I'm a beginner and would love to know what you know and pick your brain.
Thanks for reading & happy trading tomorrow!
Disclaimer: This is not financial advice. These are just my ideas and notes on what I may do. NYSE:NKE
NIKE Options Play Tomorrow AM?Pls excuse the crude drawings...this is my first published idea,
My thesis behind this play is to play the swings going into 5/28, Nike's Ex-Dividend date.
Yesterday 5/26 @ 7am PST, I received an alert from the Options Flow channel that there was a Calls Sweep for NKE @ the $138 Strike Exp 6/4, this was confirmed shortly after with a spike running from 6:30-9am.
Going over the earnings and dividend history and different time intervals it looks like any time NKE has a sharp spike to the upside it is then followed by a snapback to support.
I'm going to pay close attention to action in the pre-market and possibly play PUTS as I think there will be a drop off followed by a possible bounce back. I'll play it in reverse if the pre-market and conditions indicate otherwise. I'll most likely choose a June expiration date not 5/28.
NYSE:NKE NYSE:NKE
TrendyTrades: NKE bounce off 45MIN DemandUsing the trend-based fib extensions in combination with a 45MIN Demand, I've analyzed that there is a potential trade opportunity with NKE. If price can drop from supply (which it already has started) to around 132.61 which is confluent with a fib level, we can see price bounce up to supply once again at 134.76 and possibly break-through reaching the 1.618 golden ratio fib level that is sitting at 135.44
Placing a ight stop-loss would be ideal with this as the market is choppy today and anything can happen.
NYSE:NKE
NKE time for reversal?$NKE 2HR CHART-
NKE had a nice double bottom and is currently going for that retest of the downtrend resistance (pink). Also has a nice gap fill at 132, eyeing the volume on the breakout for momentum to carry it to the next supply zone at 136. Under 125 would invalidate this idea.
Let's see if we have the breakout on NKE
As breakout traders , we look for clear sideways movements that we can define as Zig-Zag / Triangle / Irregular / Flat patterns. Once we spot one, we see the context, and then we project the possible target using Fibo extensions (the fibo extension is drawn using the previous impulse to the sideways movement)
In this case, we have a clear Flag Pattern (or zig-zag pattern). It has been moving on a range for the last 112 days between 146.00 and 130.00
One of the fundamentals ideas technical analysis relies on is that Institutional traders (the guys that really move the market) need to accumulate and distribute to buy or sell. That means that they have such purchase power that they can not execute a market order without moving the price. So, if they are buying, they will need to average that, which as a consequence this type of sideways movements are created because accumulation or distribution process is going on.
With all that said, we have this massive flag pattern that can be an accumulation or distribution process (we do not know that...); however, we have an activation level above the structure. That would give us more chances that we are on an accumulation process. If the price reaches our green line, we will consider the setup active, our stop loss will be below the whole structure, the first target will work as a Break-even signal, and 2nd fibo extension will work as the final target.
Thanks for reading!
NKE - STOCKS - 12. APR. 2021Welcome to our weekly trade setup ( NKE )!
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4 HOUR
Bullish market turnover.
DAILY
Overall bullish market structure..
WEEKLY
Expecting a break above main resistance level.
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STOCKS SETUP
BUY NKE
ENTRY LEVEL @ 135.09
SL @ 132.96
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
