Going against the herd is never easy, especially when money is on the line, but that’s exactly what our traders did last Friday.
First up was a bearish trade on Nike as the apparel giant touched all-time highs. According to Oppenheimer’s Carter Worth, the stock’s rally looks a little long in the tooth, and he made the case for hitting the pause button. To profit from that pullback, Options Action’s Mike Khouwsuggested buying the April 100/90 Put Spread for a $1.35.
Trade and breakdown are below.
MIKE’S NIKE OPTIONS TRADE
HOW MIKE’S NIKE TRADE MAKES MONEY
Our other trade involved a much more complicated structure on a much more complicated name: Apple . Dan Nathanof Riskreversal.com correctly stated that the stock would his $500. But he’s fading the move. As a bearish trade, he bought the March 480/460/440 put fly for $3.00. His trade and breakdown are below.
DAN’S APPLE OPTIONS TRADE
HOW DAN'S TRADE MAKES MONEY
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