Nike - Daily Volume Report

Posted on 11/16/2012 by Peter Mankowitz

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NEW YORK (AVAFIN) -- Options traders were heavily trading call contracts during the last trading session establishing a new 3-month call volume record. A total of 27,250 put and 7,881 calls were traded where call contracts outnumbered puts 0.3:1, yielding a 3.46 ratio.

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The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation of a price shift. Unusual volume activity directly reflects investor outlook and confirms that a stock move is imminent.

Nike has significant power over its retail customers. Nike represents more than half of the purchases by Foot Locker and Finish Line, collectively, and 13% of purchases by Dick's Sporting Goods. Additionaly, Despite its growth aspirations, we were also encouraged that Nike remains committed to returning cash to shareholders, including $5 billion in planned share repurchases during the next five years and continued dividend growth.

Shares of NKE opened today at $91.84 and settled the day up $1.76 to $92.59 during the session. The day's trading range is between $91.40 and $92.75 respectively. Performance indicators show that the stock has lost -1.12% within the last week. On the volume side, 2M shares were traded which is greater than the average volume of 2M shares. Nike is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $85.10 and 52 week high is $114.81. The stock has a P/E ratio of 19.76 and a dividend yield of 1.59%.

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