Nike Gains to $2.77 with $2.3M December $57.50 Put Sales Ahead of Earnings Amid US-China Talks

Nike Inc. ($NKE) has attracted notable options market activity ahead of its upcoming earnings report. On June 9, a large options trade involved the sale of 5,000 December $57.50 put contracts at $4.50 each, representing over $2.3 million in notional value, suggesting investor confidence in a price floor for the stock. Market participants are anticipating a potential price run-up toward the next earnings release, particularly if there are no adverse developments from the ongoing US-China trade discussions. Nike's stock price showed upward momentum, reaching $2.77 in intraday trading on June 10. Additionally, broader market activity included a notable sale of 1,000 March 2026 $560 puts in the Mid-Caps ETF (MDY), indicating limited downside expectations in that segment.