Mar. 17 at 12:30 AM
What's up with
$NKE today?
Bouncing 1.5% after last week's ~5% drop and a Barclays upgrade
But check this out, options flow is heavy with aggressive near-term puts
Saw three big ask-side sweeps in near-dated ITM and ATM puts totaling about
$5.8M on InsiderFinance
Institutions seem to be hedging hard despite the upgrade
Don't get too comfy with this bounce
Might be wise to use defined-risk plays here
Stay sharp
