NKE Trade on Mar 19, 2021 14:55 from Marius: Tradervue User Stock Trades.

Markets opening lower with continued selling from prior day reaction of yields continuing to spike. Volatility spike above 20 area again and profit taking and sector rotation still in play. Oil and energy has also seen some notable selling. Quadruple witching Friday with a few in play and anticipated earnings.

Fundamental Analysis

NKE reported a beat in EPS 0.90 vs. 0.76 but top line revenue was missed at 10.4B vs. 10.98B. They noted that they had also experienced shipping/supply disruption due to the backed up imports which effected sales. On a good news front they reported an increase in margins and increased guidance and recapture of missed revenues going forward.

Quantitative Analysis

Intraday Fundamentals

RVOL 4.52
AVOL 5.51M
ATR 3.79
Short Float 0.81
Shs Float 1.27B
Inst Own 84.10%
Market Cap 217.89B

Options Statistics + Tape Reading

SI 1.182
IV 30.32%
IVP 9%
P/C 0.514
VWAP 137.916

Heavy call side activity at the BID possibly implying writes which confirms momentum. Huge option orders EOD and something I haven't seen in the past due to not trading ODTE weeklies. Will be looking into this more in the future with this new trade. This is also reviewing later after the close and some data is missing. This was executed remote mobile.

Options data stats/notes day prior to catalyst (n/a)

Options Positioning

OI 1289
VOL 508
Delta unk
Theta unk
Vega unk
Gamma unk
Prob T unk
Prob ITM unk
MMM +/- unk
IV Series unk

Reviewing the options chain in TOS after the close and data has been updated as of the close of the options. Not able to review much here but process was within trading and risk parameters. Most of the data was analyzed on mobile and was suffice given the specific trade and variables.

Options data stats/notes day prior to catalyst (n/a)

Technical Analysis

IV crush from earnings, breakdown on elevated volume, and more activity done on BID. 130 will be key HTF support and burden on buyers. Daily candle price action shows indecision based on the close.

Price in a HTF range between supply and demand areas. AVAWP's from prior ER's. VPOC in within day 1 trading range.

Bonus chart and acknowledgement of company performance of since the 1980's !

Trade/Risk Management & Review

Grading overall new trade as a B and will be implementing this in the future. This was all executed and analyzed on remote mobile. Tools limited but key principles and parameters in line. Risk managed appropriately. More work to do and expanding the business and playbook with this specific trade. Mobile executions should be limited here as there is more edge that can be derived on better tools / trade desk that are more accessible at times. Noting that orders were not forced and I specified the executions in conservative parameters.