A trader bought the July $82.50/$87.50 bull call spread 4,000x at $2.
The trader is making a large bullish bet on Nike. The trader chose a spread with limited risk and limited profit potential. The max risk is $2, and the max gain is $3. The break even underlying stock level by July expiration is $84.50. Nike closed trading today at $83.23.
Nike traded 27,859 option contracts today compared to average daily volume of 7,512. The 52-week range is a low of $66.34 and a high of $92.49. Nike is schedule to release earnings on June 27th.
No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.