Two days ago I put in place a trade on Nile Stock ahead of earnings.
I thought it might be interesting for investors to review how I approach the trade in the days following when earnings have been released.
Nike Stock Earnings Were Just Okay
In the case of Nike Stock, earnings were slightly better than expected which shot the stock higher on Wednesday and again today. Today though the rise is far less.
This trade was set up June 28 using the July 8 expiry. I used July 8 to give myself an extra week for adjustments and for better movement in the stock.
Nike Stock (NKE) Trade Alert Heading Into Earnings
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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.