growerik

"Just Do It" ® Nike earnings at 4:15pm 12/18 Quadruple Witching

NYSE:NKE   NIKE INC
"Just Do It" ® NKE earnings at 4:15pm 12/18 Quadruple Witching. Nike is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. I'm leaning towards an earnings beat, but you never know how the market reacts to earnings , especially tomorrow is Quadruple Witching, market index futures , market index options, stock options and stock futures expire, usually resulting in increased volatility .

2nd Quarter November 2020
Consensus: $0.62
Revenue: $10.59 Billion

Possible neutral strategy is to short an ironfly & buy a far otm strangle
sell $140 call 12/24, Delta = .53, Theta = .31
sell $140 put 12/24, Delta = .47, Theta = .31
buy $148 call 12/24, Delta = .27, Theta = .27
buy $132 put 12/24, Delta = .20, Theta = .21
credit = $560 , risk $230, reward $800
+
buy $155 call 12/24, Delta = .13, Theta = .19
buy $130 put 12/24, Delta = .15, Theta = .18
cost = $165 max risk, reward $+
=
$395 opening trade / risk, reward $800+

Possible aggressive neutral strategy is to buy a strangle
$142 call 12/24 = $370, Delta = .46, Theta = .31
$140 put 12/24 = $410, Delta = .47, Theta = .31
=
$780 opening trade / risk, reward $+++

Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny / day for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
https://www.tradingview.com/u/growerik/#...
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where can I read this report?
+1 Svara
growerik JustTyrex
@JustTyrex, Anywhere online after 4:15. Your brokerage account should display it. http://investors.nike.com
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