Nike (NKE) Feb 85 Calls
Top 10 Options Trades for 2011
Recommended by: Chris Johnson and Jon Lewis, Editors, The Winning Edge
There’s no doubt that plenty of Nike, Inc. (NYSE: NKE) apparel will be found under the Christmas tree this holiday season. The world’s largest athletic shoe and clothing company has been on fire of late, pushing to all-time highs on the heels of a 30% rally.
The shares encountered a bump in the road with its earnings report earlier this week. Although the stock dropped , it’s finding support at its 50-day moving average that also supported a pullback in November. Actually, we welcome the decline, as it shakes some of the froth out of the shares and gives us a much more desirable entry point.
Look for NKE to rebound strongly and continue its uptrend well beyond the holiday season. Go out an extra month by buying NKE Feb 85 Calls.
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