Nike Inc (NYSE:NKE) is scheduled to report earnings after the bell on Thursday.
On CNBC’s “Options Action,” Brian Stutland of Equity Armor Investments said traders are pricing in a move of more than 7% in Nike’s stock after the earnings release, which is higher than the average of just over 5% in the past eight quarters.
Check out other stocks making moves in the premarket.
There were buyers of the September 30 quarterly 102 calls at $2.30 per contract, Stutland stated. Traders expect Nike’s shares to gain at least 5% by the end of this week, he added.
NKE Price Action: Shares of Nike were down 2.66% at $96.07 Thursday morning.
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