Jul. 1 at 6:41 PM
$NKE
Important levels to watch into today’s open:
If Nike can’t reclaim the
$40 level early, there’s a clear gamma structure underneath that could act like a “staircase” move lower.
What I’m watching:
short gamma + positioning pressure building below
$40
next liquidity pockets sitting around
$37, with some extension risk toward
$36
$38 post-earnings support held well, but that alone doesn’t fully resolve the structure
this type of setup can stay in play for a few sessions, potentially into Thursday
So far,
$38 looks like a decent defense, but the real test is whether
$40 is reclaimed or rejected again.
Until that flips, downside path remains open on the gamma map.
