Nike Inc. ($NKE) is set to release its quarterly earnings report after the bell on October 1. The stock, which previously dipped to $70, has rebounded to $90. Options traders are anticipating significant movement, with the October 4 weekly 89 straddle priced for a 7% move. The implied move is around +/- 6.2%, and there is a notable gap to fill around $94. The stock has shown strong performance, being up 12 of the last 13 days, but faces resistance around the 200-day moving average at $92 and has an RSI near 80.