Call Options on NKE on 12/26/2023

NIKE, Inc. (NKE), together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide.

The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. It also sells a line of performance equipment and accessories comprising bags, sport balls, socks, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities under the NIKE brand; and various plastic products to other manufacturers.

In addition, the company markets apparel with licensed college and professional team, and league logos, as well as sells sports apparel; and licenses unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks.

It sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.

Last Trade: $108.04

Trading Range: $88.66 - $131.31

Trade Buy 1 December $108.00 Call at $1.48 For a net debit of $1.48 Profit/Loss Analysis Breakeven at $109.48 Maximum profit is unbounded Maximum loss is ($148.00) at strike of $108.00 Closing Summary Sold 1 December $108.00 Call at $1.50

Position closed on 12/29/2023 at price of $1.50 with a 1.35% gain in 3 days.

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