Looking At Nike's Recent Unusual Options Activity - Nike (NYSE:NKE)

Group 1 - Deep-pocketed investors have adopted a bearish approach towards Nike, indicating potential significant market movements ahead [1] - Recent options activity shows 45 extraordinary trades for Nike, with 53% of investors bearish and 35% bullish; notable puts total $669,958 and calls amount to $2,674,485 [2] - The predicted price range for Nike over the last three months is between $50.0 and $125.0 [3] Group 2 - The average open interest for Nike options is 6,189.03, with total volume reaching 91,326.00, indicating substantial trading activity [4] - A detailed overview of options trading reveals significant call and put volumes, with various strike prices and sentiments [9] - Professional analysts have set an average price target of $78.2 for Nike, with ratings ranging from Neutral to Outperform [12][13] Group 3 - Nike is the largest athletic footwear and apparel brand globally, with footwear accounting for about two-thirds of its sales [10] - The company operates through various channels, including company-owned stores, franchised stores, and e-commerce platforms in over 40 countries [10] - Current trading volume for Nike is 17,933,472, with a slight price increase of 0.26%, currently at $74.4 [15]