Long on NIKEMy way is trading is that I will focus on a minimum of 10%-15% of profits. The last trade which I took was "Morgan Stanley" and I achieved my criteria, so it was closed yesterday. Checking other patterns "NIKE" seems to be a wonderful choice to enter a trade.
Started accumulating at $105, it may go all the way to $100. But atm, I would say $105 would act as a strong support. Now focusing on our take profits, my first TP1: $117 and the second TP2: $127.
As always, please do your own analysis and trade wisely folks
Search in ideas for "NIKE"
NKE - Just do itNike Inc - Intraday - We look to Buy at 99.72 (stop at 91.56)
Broken out of the channel formation to the upside. We have a Gap open at 99.72 from 10/11/2022 to 11/11/2022. Further upside is expected although we prefer to buy into dips close to the 99.72 level. Expect trading to remain mixed and volatile.
Our profit targets will be 118.44 and 139.00
Resistance: 109.31 / 113.36 / 118.47
Support: 99.72 / 92.10 / 82.22
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$NKE Iron Condor IdeaAfter being struck down -7% post ER and general weak market, I like the idea of selling puts on NKE via an Iron Condor (bull put spread and bear call spread).
With a demand zone 95-100 area, I opened 2x position 100/95p bull spread and 1x position 125/130c bear spreads with another 1x to be added on next green week ( assuming we get one) to capture better call premium .
Opex a few months out will give this trade idea time to work and capture more premium.
If you're more bearish than I on this name, an idea would be to adjust the calls closer to the underlying , say 110/115, however after today's purge I favor the probability on the upside hence the 2x put spread
Iron condors are nice because you can adjust the position as the stock moves (adding more legs, etc. ) with the trade making max profit if Nike is between 100 and 125 in the coming months.
Cheers
PTON Peloton potential takeover by Amazon ??Amazon has reached out Peloton about a potential deal.
The Financial Times said Nike is also considering a bid.
Peloton's market value is around $8.1 billion, down from its high last year of $50bn.
Looking at the chart, PTON touched 3 times the buy area of 23usd and just bounced from that support.
My price target is 37usd.
Looking forward to read your opinion about it.
Nice NIKE trade I don't wear them, I don't buy them but I certainly liked what their charts looked like. Refer to the related ideas linked below to understand the trading system I used for this trade
I bought 10 shares. Stoploss is ATR x3.
When it reached 3R. I sold 5 shares and let the remaining shares to run until price close below the EMA cloud. Currently its running up to 11%
$NKE Looking oversoldI like the idea of the 145/140P credit spread here. $1.45 credit for the 11/19 opex
30-45 days or more until expiration would capture the most premium vs. theta decay (sweet spot per Tasty Trades).
You could go long naked : ) higher risk idea . I don't have conviction on how high and quickly Nike will rebound so I like the spread trade idea here
[Analysis] Should you chase Nike (NKE)No doubt that Nike's surprise earning result and its gap up would tickle many Trader's FOMO nerves. Us included.
The question is, is it too late to chase?
In order to answer this question, we must first answer another question.
Are you looking for a fast short-term Trade?
If your answer is No, then the answer to the first question is also NO; it's not too late to chase.
However, be reminded that this won't be a fast trade. Be prepared to hold if the price were to retrace.
The major support level is at 120, hence your stop loss should be below 120.
Instead of entering all your position in one trade, split them into two. Chase the current price with half of your positions. For the remaining half, average down at 135.
By doing this, you are still profitable should the price continue to go up. If it retraces, you will still be able to take advantage of the lower prices.
Do ensure that your overall risk is still calculated on both position hitting your Stop loss.
Express break out #BullishExpress has just broken out on friday June 25th, to an intraday high of 8.98 and a session close at 7.10 and an after-market close at 7.22. With this massive spike in volume, a mother candle, the nike break out, and all indicators pointing to more growth; I am fairly confident this retail stock play will run next monday. I have attached support and resistance lines, as well as a fibonacci retracement.
Thanks,
Benjamin
$NKE 8% profit in one day with Iron Condor #nike #options$NKE 8% profit in one day with Iron Condor #nike #options
8% profit in one day at event?
Let's see!
Max profit: $45
Probability of Profit: %75
Profit Target relative to my Buying Power: 8%
Req. Buy Power: $554 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 24
Expiry: 1 days
Buy 1 NKE Jun25' 120 Put
Sell 1 NKE Jun25' 126 Put
Sell 1 NKE Jun25' 145 Call
Buy 1 NKE Jun25' 150 Call
Iron Condor spread for 554cr, because IVR is relative high because event.
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