NKE Short
Short shares of NKE - earnings soon. I don't expect them to be positive, personally.
COVER BEFORE EARNININGS unless you are looking for a gamble.
Depending on risk:
Set a stop-loss around 101.72 to 107.05
Take profits around 88.05 - 80.63 -- Be wary of the trendline; it could bounce off, so if you're looking to manage the trade, that is what you'd want to keep an eye on.
I don't expect profit zones to be reached, but nonetheless am keeping a stop in those zones. My trade will likely be based off of any quick move down that begins to lose sustainability; that will be my exit, especially going into earnings.
You can play this via puts as well. The reason I am not doing so is simply due to the high implied volatility going into earnings; however, there are some decent opportunities I could see there, worth checking out if you are familiar with options.
Otherwise, best of luck in the markets, everyone!
COVER BEFORE EARNININGS unless you are looking for a gamble.
Depending on risk:
Set a stop-loss around 101.72 to 107.05
Take profits around 88.05 - 80.63 -- Be wary of the trendline; it could bounce off, so if you're looking to manage the trade, that is what you'd want to keep an eye on.
I don't expect profit zones to be reached, but nonetheless am keeping a stop in those zones. My trade will likely be based off of any quick move down that begins to lose sustainability; that will be my exit, especially going into earnings.
You can play this via puts as well. The reason I am not doing so is simply due to the high implied volatility going into earnings; however, there are some decent opportunities I could see there, worth checking out if you are familiar with options.
Otherwise, best of luck in the markets, everyone!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.