May. 28 at 4:50 AM
$NKE bounces off multi-year lows — NKE at
$46.41 today, UP 3.3% .
+232 NKE 100 21 AUG 2026 52.50 CALL @ 1.92, for
$44,544 total deltas.
$44,544 ×
$46.41 =
$2,067,507 in dollar exposure. The 52.50 strike is 13% above current price into August.
Nike reported Q3 EPS of
$0.35 against an expectation of
$0.28, a positive earnings surprise, but the stock remains down 43% from its
$80 52-week high with CFO Matthew Friend cautioning a 2%-4% revenue decline in Q4, particularly a nearly 20% drop in Greater China.
Someone is betting the earnings bounce has more room to run into the 2026 World Cup tailwind.
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