$NKE earnings drop in 30 minutes. Options market pricing ±8.8% move.
History matters here: Nike dumped after 8 of its last 11 reports. That's a 73% fade rate. Not great odds if you're long into the print.
Implied move sits near 9%, which is fat but not insane for $NKE. If you're playing it, know the recent pattern skews bearish post-earnings. Risk/reward favors waiting for the reaction or playing puts if you're conviction-short.
Good luck out there.
History matters here: Nike dumped after 8 of its last 11 reports. That's a 73% fade rate. Not great odds if you're long into the print.
Implied move sits near 9%, which is fat but not insane for $NKE. If you're playing it, know the recent pattern skews bearish post-earnings. Risk/reward favors waiting for the reaction or playing puts if you're conviction-short.
Good luck out there.