Breaking!

Million Dollar Options Strategy Exposed

Learn how Nathan Bear went from struggling, small-business owner to Multi-Millionaire in a short period of time.

Join this exclusive session as Nathan shares the strategy that can help you potentially build life-changing wealth!

Today’s trade: Nike Inc. (NKE) call options

Davis MartinDavis Martin ·

The set-up: Nike is the biggest and most-dominant company in the athletic footwear and apparel business, but the stock fell after its recent earnings announcement and the chart has been interesting to watch since.

There is news in the stock this morning:   It was raised to overweight from equal weight by Morgan Stanley.

What I see: This is a pure technical play, based on Nike chart. The stock closed Wednesday at the 9-exponential moving average and is putting in a hammer candle this morning.

How I’m playing it: I’m looking at NKE September 1 at-the-money call options, where I believe there’s a 10 percent gain to be had if the pattern continues, if it nears the close with a hammer candle over $59.71. If the pattern holds, I will make my trade late in the day.

If Nike falls out of the hammer-candle continuation pattern, I’ll pass on it for now, but will keep watching.

#-#-#

   Davis Martin is the head trader at Dailyprofitmachine.com. He trades SPY calls and puts and swing trades mid-large cap stocks and stock options. He has no shares, options or open orders in NKE, but is watching it closely, hoping to trade as described in this commentary; he has never traded NKE before.

Trending Now

Bull or Bear Market….It Doesn’t Matter

Kyle Dennis’ new, 5 min strategy is poised to double account sizes weekly! “I got out of GE trade at 379% $0.16-$0.77, thanks Kyle!” Said client Lance P. Check out the free training that started it all. (View Free Training)

SuperNova Service Leading Clients to 5-Figure Profits Consistently

“BOOM!!! Booked another $13,985 in profits on my long position $VMNGF. Great report came out premarket. Thanks Jeff at SuperNova for teaching me to make $$$ in the market.” Said Todd V. Jeff Williams is helping transform small accounts daily. Don’t miss his free walkthrough. (Watch Now)

Jeff Bishop, RagingBull.com Co-Founder, “Trading My Strategy Takes A Few Minutes a Day!” 

“Jeff, I have to say I was a little gun shy, but I bought the lifetime service (to Bullseye Trades) Friday night. First trade with your service…in LULU, 205 Calls at $4.70. (I) was going to be away from all internet connections for the next 3 days. It hit my sell price at $6.25 ;)” said James W.    (Read More)

Be a Better Stock Trader, Starting Today

Get the expert insights, tips and strategies you need to optimize your trading skills and profiles
START NOW