By Dan Darrow

December 02, 2022

Intraday Update: NKE

We are going to lock in the remainder of NKE. The stock has pushed green after opening red, and the late afternoon rally has led to a test of the critical 200day sma and a move near the 112.50 secondary target. The plan will be to close the Dec23 $112 - $115 call spread roll up and book the fast winner. We may revisit a new trade on this closer to earnings.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication