NKE Nike (NKE) options provide exposure to the global athletic wear leader with moderate volatility, brand strength, and sensitivity to consumer spending trends.

NKE reports on a fiscal calendar offset from most companies, creating unique timing for options strategies. China sales and DTC growth are key earnings catalysts.

NKE Options Characteristics

Avg Daily Volume

150K+ contracts

Typical Spread

$0.02-0.05

Typical IV Rank

20-40%

Expirations

Weekly, Monthly, Quarterly, LEAPS

Price Range

$70-100

Correlation

Moderate correlation with consumer discretionary and retail

Best Strategies for NKE

Iron Condors

Capture earnings premium on off-cycle calendar

Bull Call Spreads

Brand recovery thesis with defined risk

Cash-Secured Puts

Accumulate near multi-year support

LEAPS Calls

Long-term brand recovery thesis

Calendar Spreads

Trade earnings IV on unique schedule

Global Brand Power

Nike's off-cycle earnings calendar (September, December, March, June) means IV events don't overlap with most tech/financial earnings — useful for portfolio diversification.

NKE Options FAQ

When does Nike report earnings?

NKE uses a fiscal year ending May 31, reporting in September, December, March, and June. This off-cycle calendar means NKE earnings don't compete for attention with most tech/bank reports.

What drives Nike options volatility?

China sales trends, DTC (direct-to-consumer) growth, inventory levels, and competitive dynamics from Hoka/New Balance/On. Earnings typically move the stock 5-10% on these metrics.