Investors in Nike (NKE) gained access to new options contracts with a December 2028 expiration today. The newly available put option at the $42.50 strike price has a current bid of $8.10, committing the seller to purchase the stock at that price and establishing a cost basis of approximately $34.40, which is lower than its current trading price of $43.12. The analytical data indicates a 66% chance that this put contract will expire worthless, potentially yielding a 19.06% return on cash commitment.
Additionally, a call option at the $45.00 strike price is available with a current bid of $9.10. Investors who purchase NKE shares at the current price and sell the call option would be committing to sell at $45.00, netting a total return of 25.46% if exercised. The option is approximately 4% above the current trading price, with a 43% chance of expiring worthless, which could yield a 21.10% return on the premium collected.
The implied volatility for the put option is 41%, while for the call option, it is 47%. Actual trailing twelve-month stock volatility is calculated at 36%.
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