Nike (NKE) has been in the news a lot lately and will announce earnings on September 25. Let's take a look at a diagonal trade. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.
- A review of last week
- What happened to the SPX?
- Did you get out, or did you get the stupid award?
- NKE is near all-time highs
- Setting up the trade
- Selecting strikes and expirations
- Pay attention to the delta of the trade
- Addressing different scenarios
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