On Friday, 22-June-2018, Mike presented a trade in Nike. It looks like the company will be reporting earnings sometime between June 27 and July 2. The options market is pricing in a 5% move in the share price due to the earnings announcement which is about normal for this stock. Mike noted that the stock typically moves about 4% or less on earnings but it has had moves of 7%, 8% and 10% in years past. The stock has had a nice run since October of last year, the question is, "will the earnings announcement help continue that trend or will it provide an excuse to initiate a selloff?"
