Skip to content
Options Income Masters
93% of My Members Collect An Extra Paycheck Every Week!
Options Income Masters
  • Main
  • OIB Training
  • Weekly Update
  • Trading
    • Menu icon-Income Masters-
    • Menu icon-Options Income Blueprint-
    • Menu icon-Income Madness Week-
  • Coaching
    • Menu iconSix Figure Portfolio Coaching Main Page
  • Training
    • Weekly Paycheck Training Program
    • Income Accelerator Coaching Main Page
    • Selling Weekly Options Workshop
    • Win 98% of Your Trades
  • About Us
  • Login
close
  • Home
  • Dashboard
  • Login

Income Masters Trade Alert: NKE

Nike (NKE) has sold off despite reporting better-than-expected earnings and announcing a stock buyback program. Management offered a muted forecast due to increased product costs, ongoing supply chain issues and inflation.

But with shares stabilizing, I am recommending we close our protective put. The money we pocket will reduce our cost basis on the position.

Note: No action is needed on the NKE Jul Week Two (7/8) 115 Call at this time.

Current Stock Price: $105.35

Cost Basis: $130.35

Action: Sell to close the NKE Jul Week One (7/1) 105 Put for around $1.60, but adjust as needed to close today

New Cost Basis: $128.75

Go to Top
×