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Bartosiak: Trading Nike's (NKE) Earnings with Options

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On Tuesday, March 21st, Nike (NKE - Free Report) will release its third quarter earnings results after the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of D.

In our video David will take a look at the current state of Nike, their past earnings announcements, and he’ll give us his thoughts on their upcoming earnings call. Furthermore, David will also give us insight on how to play the options market.

Nike in Focus

Nike, Inc.'s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors, licensees and subsidiaries in numerous countries around the world.

Nike is expected to report earnings at $0.52 per share according to the Zacks Consensus Estimate. Last quarter they reported earnings at $0.50, beating expectations by $0.07. Their average EPS surprise is 15.83%.

Nike, Inc. Price, Consensus and EPS Surprise

Nike, Inc. Price, Consensus and EPS Surprise | Nike, Inc. Quote

Bottom Line

How should investors play Nike ahead of their earnings report? For insights on the best options trades, then tune in 1:00pm today to see David’s thoughts.

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