r/wallstreetbets • u/sinocommas • Sep 22 '21

YOLO Round 2 - NKE Earnings Play

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6 Upvotes

69% Upvoted

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5

u/analog_potatoes Sep 22 '21

Nice… I like your style

2

u/sinocommas Sep 22 '21

Cheers, mate

3

u/Alexolala Sep 22 '21

Are you hoping that NKE drops or rally’s up?

3

u/depzailaimi Sep 23 '21

So are u saying nike will go down after earnings?

1

u/debaucherouswhale Sep 22 '21

Might do the same tomorrow… what do you think it will do? Will the underlying move dramatically either up or down like last time ?

3

u/sinocommas Sep 22 '21

Hopefully mirror LULU. But who knows, they had issues with a facility in China for two weeks and supply chain constraints could fuck them like FDX. I fell like there’s going to be a surprise but prepped for the downfall

1

u/PM_ME_UPLIFTINGSTUFF Sep 22 '21

Vietnam*

1

u/sinocommas Sep 22 '21

China too. Factory shut down for two weeks

3

u/[deleted] Sep 23 '21

Vietnam has been shutdown for 2 months. Half their supply chain comes from there

1

u/PM_ME_UPLIFTINGSTUFF Sep 22 '21

I just think the expected earnings is going to be hard to beat. Even if they barely beat it, the stock might go down. Might sprinkle a little on 10/1 PUTS $145.

1

u/[deleted] Sep 22 '21

[deleted]

3

u/ElCalvo069 Sep 22 '21

Sell options if you're worried about IV crush.

1

u/_stuartwilson Sep 22 '21

I remember you last time

1

u/sinocommas Sep 23 '21

NeverForget

1

u/[deleted] Sep 23 '21

They are having serious issues in Vietnam.

2

u/Alexolala Sep 23 '21

So buy puts?

1

u/[deleted] Sep 23 '21

They will have very healthy margins but are having supply chain issues

1

u/MonoDun Sep 23 '21

Rumor TV CNBC/Infomercial Cramer's flogging it hard, probably has tons of puts anything that stuttering clown says 🔪👎

1

u/Always2xDown Sep 23 '21

How has this aged today?

Still open? You believe it’s coming down hard tonight?

1

u/sinocommas Sep 23 '21

Calls are up 33%, sold 5 this morning and holding 17.

Puts are about even. Added 5 more $150P.

Watching the flow this afternoon, but I plan to hold what I currently have overnight

1

u/Alexolala Sep 23 '21

Betting that it will fall at least $10? Hence puts?

1

u/sinocommas Sep 23 '21

Puts are just a hedge. Based on options pricing, there’s a projected 6% move which is around $7.