Friday, September 21, 2012

CLOSING the $NKE Options Action trade - Mike

28 sep - show revisits the trade from last week with the usual graphic heavy lead in and oversize smiles. was a good winner and included a surprising and possibly first of its kind real live tweet from mike khouw updating the trade during the trading day. the stock opened right at the short 92.50 strike area, once i saw mikes tweet i priced this spread out at about 1.40 , so nearly a double. mike sums it up nicely in todays video clip, todays clip , about taking this trade off right away after the event. if you followed this trade and for some reason did not close it out in the morning, you can still take a profit on the Oct puts which were going for about a dollar..or if you want to get cute you can do another calender spread by again selling the 92.50 weekly put..which was going for about .30. nevertheless, a good trade and good followup for a change. see all of mikes on-air trades in this google docs spreadsheet

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21 sep - mike khouw with a trade on Nike for earnings which look to be next thursday, heres the video NKE clip

Buy the 92.50 weekly / Oct put calender for .75

i like the trade setup, would wait till day of or day prior to putting this on in case there is a move before that so you can base your strike selections on where you are at that point.. mike using the 92.50 strike since that is about where options are pricing in a move to right now.. its a cheap bet as well..since earnings are on thursday p.m. , if you get the direction correct the front month puts will decay big time since they only have one day to trade till they expire. see all of mikes on-air trades in this google docs spreadsheet

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