NKENike, Inc.
Options Analysis Report•RUBBER & PLASTICS FOOTWEAR
Market Cap $62.2B|NYSE
● 2026-05-15$42.02
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y -32.7%YTD -33.6%7D -4.8%
Options Vol
70,689
30D
Implied Move
±10.3%
IV Rank
27%
NKE Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.2
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 67.2% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.77x — IV premium over HV
Sector Relative≤50%
Sector percentile 53% — above sector median
Term Structure
<1.1xFront/Back 0.80x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 40.1% — normal range
Spread-Adjusted Value
<80%Effective IV 53.5% (ATM 40.1% + spread 6.7% + bias) — good value
Execution Efficiency
<3.0%Total drag 10.43% (spread 6.68% + slippage 3.75%) — high friction
Vega Efficiency
≥5.0Vega efficiency 6.14 (vega 4.105 / spread 6.68%) — acceptable
Sentiment
Bullish or bearish?
5.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Strong signal (Conviction: -26%, Raw: -27%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -26% (bearish) — Raw: -27%
OI Skew Magnitude
≥15%|OI skew| 15.1% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +28.9%, OI skew +15.1% — aligned
Conviction Quality
≥2/3 conditions0-DTE 35%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -37%, ATM: -26%, OTM: -26% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 42% — bullish vs sector
Activity
Unusual activity?
4.4
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.7x avg — normal
Turnover Rate
≥15%Vol/OI 3.6% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +6.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 42% — neutral vs sector
Trade Quality
≥30%Large trade volume 33% — institutional presence
Execution Urgency
≥60%Aggressive execution 52% — patient
Flow Conviction
≥30Conviction -26 (bearish) — mixed
Liquidity
Can I trade efficiently?
5.6
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 6.7% — wide
Adequate OI
≥10,000OI 1,945,369 — deep
Active Volume
≥500Volume 70,689/day — active
Reasonable Cost
≤$0.50$0.33 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 54% — neutral vs sector
Order Book Depth
≥100 contractsDepth 506.5 contracts (bid:238.7 ask:267.8) — deep
Execution Quality
<1.0%Avg slippage 3.75% — poor
Timing
Is now a good time?
7.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -19.8% — contango
IV Percentile Clarity
<30 or >70IV percentile 67% — neutral
Event Detection
≥10pts kinkIV kink -5.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 126.30 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -26% @ 63% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 63 (ITM 20% + inst 33%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.8
bullishIV fair, mixed flow
Long Puts5.4
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.7
bullishIV fair, mixed flow
Covered Call5.3
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.