SHORT NKE/ BUY NKE 10/20/23 102 PUT
Nike has been on a massive tear, up 6 trading days in a row after gapping higher on earnings, a move which has surprised many fund managers and squeezed the shorts of a stock that was breaking down technically. Today the stock is overstretched back above $100 a share which is a level I expect it to re-test on the downside here in the coming days. 1 Star Trade last half hour.