NKE

very strange vols action, imo

I was long combos and got out the day new CEO was announced, and stock moved 8%.

However, since then vols crashed to current implied straddle of 6.6%

Implied straddle was at 8.3% and stock moved 20% (!!!), so not sure how someone sells the straddle for 6.6, unless something else is going on.

NKE reports on 11/1

 

maybe it is a surprising news that no one expects? don't read too much into implied v, that's based on historical v

 

Did they pre announce with the CEO news.

 

I am not sure/don't think so.

The entire CNBC segment was about running a parallel to Chipotle/Starbucks CEO move.

I guess we will find out soon...In the meantime, vols are at 6.2%, lol

 

Maybe this might be of a little use?

 

Thanks for posting it @TrailerParkTed

6.6% is about right and not a word about preannouncement.

I would not be surprised if last minute implied combo hits 7's levels (from lows of 6.2), but I am not touching it.

Let's see what Tuesday after hours brings.

 

on apple podcasts, slate money had podcast few days back about nike” how nike shoes got lame” if anyone interested

 

7.1% already...

 

Still an 85-line for Oct 4. 45% for Oct monthly.

 

last combo print was 7.4%

Not much else to add here wrt vols action.