Nike Ahead of Earnings

$NKE

NKE 0.00%↑ reports on 12/19. The stocks been a disaster for over 3 years, but has seen some activist interest (https://www.bizjournals.com/portland/news/2024/11/19/nike-bill-ackman-investor-shares-purchased.html)

Over a shorter timeframe, we’re seeing higher lows since August. A start I suppose. I’m selling some spreads out into next year, using the covid low of $65. It’s a way to play earnings with defined risk. I’m not overly interested in following Bill in until this proves to hold above $90-$100.