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Options Action: Nike options traders bet on upside
CNBC Televisionยท 2025-09-29 22:21
Nike, the implied move right now a little larger than 8% by the end of the week. That's slightly less than the eight quarter average of more than 10%. Today it traded more than double its average daily options volumes and calls outpaced puts by more than 2 to1.And the trade that really stuck out was a 1x3 call spread. Somebody bought 4,000 of the October 75 calls, paid about $132 a contract for those, and then sold 12,000 of the 87.5% calls against it. net net, they only laid out about $250,000 in premium, ...