Whales with a lot of money to spend have taken a noticeably bearish stance on Nike ( NKE ).

Looking at options history for Nike ( NKE ) we detected 14 trades.

If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 71% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $1,434,949 and 5, calls, for a total amount of $226,085.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $90.0 for Nike ( NKE ) over the last 3 months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Nike's ( NKE ) options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Nike's ( NKE ) whale activity within a strike price range from $65.0 to $90.0 in the last 30 days.

Nike 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Nike

Nike ( NKE ) is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike ( NKE ), Jordan (premium athletic footwear and clothing), and Converse ( NKE ) (casual footwear). Nike ( NKE ) sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike ( NKE ) was founded in 1964 and is based in Beaverton, Oregon.

After a thorough review of the options trading surrounding Nike ( NKE ), we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Nike

With a volume of 5,032,224, the price of NKE is down -0.16% at $78.78.

RSI indicators hint that the underlying stock may be oversold.

Next earnings are expected to be released in 51 days.

What The Experts Say On Nike

5 market experts have recently issued ratings for this stock, with a consensus target price of $86.6.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.

* Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on Nike ( NKE ) with a target price of $92.

* Consistent in their evaluation, an analyst from TD Cowen keeps a Hold rating on Nike ( NKE ) with a target price of $78.

* An analyst from Jefferies persists with their Hold rating on Nike ( NKE ), maintaining a target price of $85.

* Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Nike ( NKE ) with a target price of $81.

* An analyst from Truist Securities has elevated its stance to Buy, setting a new price target at $97.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Nike ( NKE ) options trades with real-time alerts from Benzinga Pro.