On Thursday June 29, Nike released earnings that beat estimates. The stock on Friday soared more than 8% at the open immediately turning my Trade Ahead Of Earnings Strategy position in Nike Stock into a strong gain.
Here is how I handled the trade on the day after earnings and how it will be handled in the next week. To date I have locked in a 42% gain and now I am working to boost that gain further.
The rest of this trade strategy article is for FullyInformed Members..
42% Return On Nike Stock (NKE) Trade Ahead of Earnings – Handling The Trade – June 30 2017
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.