Consumer Cyclical
NKE
NIKE Inc.
Income from Nike (NKE) with covered calls and cash secured puts. Global athletic brand with turnaround potential.
Monthly Premium1.8-3.0%
Annualized Return22-36%
Stock Price$75-95
IV RankModerate-High (40-55)
Options LiquidityVery Good
Dividend Yield1.8%
Why NKE for Covered Calls & Cash Secured Puts?
NKE is the global athletic brand leader with turnaround underway. Accessible price point with decent premium for value/recovery play.
Example Covered Call Trade
NKECovered Call
Strike Price$95 (8% OTM)
Expiration30 days
Premium$2.20 per share
Return If Flat2.5% ($220)
Return If Called10.3% ($900)
Keep Probability70% keep shares
Recommended Strategy for NKE
Sell calls 7-10% OTM for value recovery play. Accumulate via CSPs during weakness.
Risks to Consider
- Competition from Hoka/On
- China market challenges
- Consumer spending sensitivity
- Inventory management
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