NKENike, Inc.
Options Analysis Report•RUBBER & PLASTICS FOOTWEAR
Market Cap $68.2B|NYSE
● 2026-04-17$46.03
BULLISH
Analysis: 2026-04-16 EOD data
1Y -18.0%YTD -27.3%7D +8.0%
Options Vol
181,468
30D
Implied Move
±9.4%
IV Rank
18%
NKE Options Overview
bullish flow with unusual activity. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.8
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks7/9 checks passed
IV Rank
≤35%IV Rank 49.0% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.54x — IV ≤ HV
Sector Relative≤50%
Sector percentile 33% — below sector median
Term Structure
<1.1xFront/Back 0.75x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 35.8% — normal range
Spread-Adjusted Value
<80%Effective IV 47.2% (ATM 35.8% + spread 5.7% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 8.58% (spread 5.68% + slippage 2.90%) — high friction
Vega Efficiency
≥5.0Vega efficiency 39.24 (vega 22.288 / spread 5.68%) — efficient
Sentiment
Bullish or bearish?
6.6
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +2%, Raw: +0%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +2% (neutral) — Raw: +0%
OI Skew Magnitude
≥15%|OI skew| 20.7% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +59.1%, OI skew +20.7% — aligned
Conviction Quality
≥2/3 conditions0-DTE 28%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +22%, ATM: -4%, OTM: +0% — bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 4% — very bullish vs sector
Activity
Unusual activity?
5.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.0x avg — normal
Turnover Rate
≥15%Vol/OI 8.9% — 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 +8.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 80% — very active vs sector
Trade Quality
≥30%Large trade volume 30% — institutional presence
Execution Urgency
≥60%Aggressive execution 52% — patient
Flow Conviction
≥30Conviction +2 (bullish) — mixed
Liquidity
Can I trade efficiently?
6.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks5/8 checks passed
Tradeable Spread
≤5.0%Spread 5.7% — wide
Adequate OI
≥10,000OI 2,027,816 — deep
Active Volume
≥500Volume 181,468/day — active
Reasonable Cost
≤$0.50$0.28 to cross — cheap
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 34% — tighter than sector
Order Book Depth
≥100 contractsDepth 619.0 contracts (bid:304.4 ask:314.6) — deep
Execution Quality
<1.0%Avg slippage 2.90% — poor
Timing
Is now a good time?
6.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -24.6% — contango
IV Percentile Clarity
<30 or >70IV percentile 49% — neutral
Event Detection
≥10pts kinkIV kink -5.4pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 2718.11 — 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 +2% @ 51% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 60 (ITM 20% + inst 30%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls7.1
bullishIV cheap, bullish flow
Long Puts6.0
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.3
bullishIV too cheap, bullish flow
Covered Call4.2
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.