Nike Options Trading Surges with High Open Interest

On October 5th, Nike (NKE.US) saw significant activity in its options market, with a total of 231,380 contracts traded. Among these, put options made up 26.67% of the transactions, while call options accounted for 73.33%. By the end of the trading day, the open interest for Nike options stood at approximately 2.67 million contracts, which was notably 117.25% of the average over the past 30 trading days.

The most notable unusual option trade involved a call option with a strike price of $42.50, expiring on January 15th, 2027. This contract saw a volume of 4,965 trades, reflecting a turnover of $243,290. The strike price was significantly higher than Nike's closing price of $32.85 on that day.

Additionally, the most active option contract for the day achieved a trading volume of 14,263 and closed at $0.52. The data highlighted a substantial increase in options activity compared to the recent average, indicating heightened interest in Nike's stock movements.

The article noted that the underlying assets were selected based on options volume, and the publication followed the options trading hours. It also emphasized the risks associated with options trading, advising investors to carefully consider their objectives and consult tax advisors before engaging in such strategies.