Hello Investors,
Today we entered into a new trade on Nike (NKE). This has been a badly lagging stock through 2024. We are playing it for a bounce back in the new year (January effect). It is a higher risk strategy especially given that the company reports earnings on Thursday of this week. The details are as follows:
Buy to open: NKE April 17th (monthly) 80.00 strike call
Sell to open: NKE Dec 27th (weekly) 84.00 strike call
Debit: 4.79
Max risk = 4.79 or $479.00 per spread
Max reward = unlimited after Dec 27th expiration date
Have a great week!