Regular readers know that macro ain’t exactly my bag, I’m more of a U.S. stock/options monkey. But every so often a headline outside my wheelhouse catches my eye and I dig a little deeper. Like …
Continue readingWorld Cup
A few weeks ago we expressed a near term bullish view for shares of Nike (NKE) in the form of a call butterfly, to refresh from April 7th: TRADE – NKE ($100) Buy the May …
Continue readingBack on March 19th shares of NKE gapped to a new all time high following fiscal Q3 results that were better than expected, despite no shortage of headwinds from the strength of the dollar, bad …
Continue readingNike (NKE) reports their fiscal Q2 earnings tomorrow after the close. The options market if implying about a 5% one day move in either direction, which is basically in line with the 4 qtr avg …
Continue readingBack on Aug 19th we highlighted the potential for NKE to follow suit with some other large cap stocks that had recently broken out of long bases to new all time highs (see below). …
Continue readingWhether you’re a bull or bear on the broad market, you have to agree that Home Depot’s technical breakout above the prior all time highs is nothing short of a work of art: For all …
Continue readingThe World Cup starts tomorrow, and lasts until mid-July. The one month sporting celebration features Nike as one of the main sponsors. It’s a big deal for Nike for two reasons. First, if the World …
Continue readingThere has been a lot of talk on this site and every other financial media outlet about what the low VIX means for the health of the current market rally (see our discussion from Friday …
Continue readingLast night Nike (NKE) reported their fiscal Q3 that was better than expected on most every metric, while also suggesting futures orders would be higher than the consensus estimate. The one hiccup, causing the shares …
Continue readingEvent: NKE reports its fiscal Q3 earnings tomorrow after the close. The options market is implying about a 4.5% one day move, which is slightly below both the 4 qtr average of 4.75% and the 8 …
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