MU: guided down
NKE: guided down
MSFT: warns dollar exposure
FDX: guided down, recession incoming
Analysts: SPX $220 eps next year
NKE is up because I have puts. Amazing
I'm watching the below to see if I can get in at a big discount
COIN, UPST, BHP, BCS, GS, MS, LMT, BAC, NKE. I've got 5 boxes of zeeti sitting on the sidelines waiting to pile into something once we crash crash.
I have nke puts until Oct 21. Should I keep them?
Missiles over Japan from North Korea? Bullish.
UN saying world economies in shambles if the US Fed keeps raising rates? Bullish.
Inflation still 8%+ and has not peaked? Bullish.
Oil productions cuts by OPEC? Bullish.
Multiple companies affected by inflation (FDX, NKE) and their CEOs saying it's bad? Bullish.
6% pump on low volume? Bullish.
NKE has too much inventory. They will have to lower prices. Lower prices mean deflation. Deflation means fed printer.
Nke didn't have poor earnings because of inflation you moron.
It's just a simple 3% green day on zero news/economic change. There's nothing to be surprised about.
The market is rational.
The bottom is in.
Abysmal earnings due to inflation (i.e. NKE) are priced in.
Ha true. But PTON has a good, loyal user base and high MRR with subscriptions. It’s a great aquisition target for AMZN or even something wild like NFLX of NKE.
I’m gonna buy shares if it hits 5 and 3 and hold a year in hopes of buyout.
To the bastard who exercised the Nov NKE Put I sold him. You will pay for this.
Nke earnings weren’t that terrible
Since you made a put on NKE , Tesla , and Apple that mean next week it will go up? Mhmh?
Will not be suprised if the market goes down because of Credit Suisse . After all , SNAP, FDX, NKE, AAPL, NETFLIX amongst many have taken down the market lower before
Doubtful the market is lower than June but names like amzn are still up 15% from that bottom. Nke had trouble more bad times ahead
Denial, everyone keeps talking about how their good companies shouldn’t be getting hit as hard as they are. Look at NKE, DIS, etc… if Credit Suisse goes under you could be looking at capitulation/ anger phase.
What made you open nke puts?
Regardless- since you KNOW that NKE bottom isn’t in what is your price target?
You should sell everything but NKE and ABBV tomorrow, and you are still gonna take your lumps.
Any other tickers other than spy to short like NKE and FDX?
Amazon having a second prime day to get rid excess inventory. TGT and WMT have to much inventory, look at NKE basically has 50% of everything. MU on Friday said that their customers have too much inventory, NVDA a few weeks ago complained about excessive inventory. The irony is that this entire supply chain stress was prolonged by business doubling ordering. OMFG,
Nike NKE stock knows that they doing with they Nike Pro for women shorts. Thanks to companies like this, when I go to workout at my public gym I take great fascination with the facility floor and ceiling. Very fascinating to look at. Very intriguing
It really depends on your risk metric. If you're near retirement you pretty much have to stick with low vol products.
However if you're under 50 there is so much opportunity right now. If I was going to choose an index to buy it would be small caps. They are at one of the best valuations I have seen in a long time. Vtwo is an easy way to gain exposure
If you don't mind doing the homework on individual companies there are a lot trading at massive discounts. Blk, trow, gt, intc, mmm, nke, ebay, fdx, I could keep going but these are names everyone knows.
You also have the deeper end of the pool with well-known brands that carry a bit more risk but have the potential to go up in multiples. Under armor is one of those. Ua is the basic share and there is another one with voting rights that trades at a slight premium but they basically trade together
So back to your original question what would I do? Cost average into this stuff. It's possible everything turns on a Fed pivot but it's also possible that some other country blows up, we don't realize it, it sets in motion market stability and we start making higher highs which is the other way you could play it if your risk averse. However if you look back at previous cycles we have had rallies that pop up and make daily higher highs then fail. There is really no perfect solution so for me I prefer to buy quality at a good valuation. If the technicals line up and the fundamentals look great I hop in. Yesterday I accumulated Nike on a starter position. First 20 shares which I might take up to 100 depending on how it trades but the business is fundamentally sound, they have a problem with overstock. They are trading at technical levels not seen since 2009 or 2001. This is only the third time in history they have tested the hundred month moving average. The other two times were those previous recessions
I wonder if LEVI will follow same footsteps as NKE. I’m guessing maybe a dead cat bounce on Monday and bleed out by Friday?
The only 2 things that could possibly break even in that portfolio is NKE and ABBV, Honestly if that was me I’d just sell it and restart with an index fund and DCA in don’t just throw it all in at once
Smg - Scott miracle grow - took a hard look and listened to a bunch of cc and just could pay the going rate last year. What a disaster
Otly - love the product and once I dug into what they are doing and the $$ they need it didn’t make sense at the price
Sam - when they nose dived I took a hard look but realized they are rudderless. Glad I missed out on that one. Love the dog fish beer though
All birds - most recent - not my style but seemed worth a look. Hard to see why they really want to stick with direct to consumer and won’t be interested until that changes. Plus, seems like a lot of ego their - fashion+ San Fran vibe + good for the earth (kinda?) = odd vibe
NKE - looked hard at them last month. Something odd is going on there with inventory but it’s also still too pricey for me but it’s a value somewhere 50-70. Still watching
I could go on.
lol I did nearly the same damn thing. Although I was holding NKE 90 Puts and SPY 350 from yesterday. Was another nice green day. Ended up selling my 350 puts at EOD and replaced them with more 350 puts with another week of time.
So glad I dumped my SPY 358P’s Thursday and moved the money into more NKE 92P’s. That aged overnight like a dry brined salmon fillet. Sold at open and now holding SPY 350P’s.
I plan on DCA into NKE next week, I don’t see it falling more than 10% from here. In 5 years the older me is going to thank the younger me and ask the younger me why didn’t I buy more. You really can please old people, fuck you Boomer me.
So was NKE the beginning of large retailer clothing’s earnings misses? What are your thoughts on LEVI?
Man, I sold like 85% of the position this morning for a $50k profit. Then I spent like $12k of that on TSLA $270p exp. next week, a bunch of NOW, SAM, SPY, IWM and QQQ puts exp 10/7 and 10/14. We'll see what happens next week. I still have about 50 of the NKE $80p exp. 10/7 and 10/14.
NKE is as low as it was during the middle of the Covid crash.
Someone talk me out of my obsession with clothing brand companies (NKE, VFC, COLM) that are getting crushed by supply chain issues and inventory surplus. Tell me they will take years to recover and I should walk away.
Right. That's in the second half of October, and we can then see if NKE was a fluke or confined to the retail sector or a harbinger of overall doom (as the market today seems to think).
Alright. I guess that means stuff like COST is next. Now that NKE can be kicked while it is down.
NKE p/e still on top of historic range, its been challenging because even after all this pain for a lot of names we are still a lot of in line with averages, not well below and discounted yet
I had no idea NKE fell under $100. I dont get why people on this sub keep saying only meme stocks and unprofitable companies are getting rekt in the market.
What is the catalyst in the short term to take the market higher? If AAPL, MSFT, or GOOGL report NKE type numbers market is going to be dead for at least 3 months.
How is the average price so low when nke at $83
down like $6 on NKE shares…hold or take the L?
Imagine thinking the market was just gonna brush off NKE earnings 🤡
NKE has not dropped this much of a day over day % in past 5 years. Not any other days over a 7% drop besides a couple 11% losses in March 2020. A bigger hit than from covid lol
So why the fuck are markets up like this? PCE came in hot, NKE had awful earnigns what in the world is going on?
It’s nice to see stuff like PG or NKE or utilities get closer to fair value but they still aren’t on sale. That’s my issue
MU = worst earnings in history, up 3%
NKE = mediocre, kinda bad but not terrible, down 10%
Flipped my NKE puts at open into 0DTE TSLA calls for a nice gain, but damn do TSLA calls make the heart ache. I feel like I just did 3 lines of cocaine
PE was elevated vs historic norms, we are returning to normal
Becky couldn’t keep NKE alive
LULU the next one to drop
Rember wen NKE was Cramer's favorite?
NKE be like, "Mr. JPOW, I don't feel so good."
Wish i bought more NKE puts
Dem Nke puts, bout to lose it all in Vegas
Bought nflx puts instead of 0dte 90 nke puts because of eMoTiOnS
Wait my 09/30 NKE 83p are going to open ITM? Well got damn this is a good week.
Nah, im selling all at open. MU and NKE
Better question... when does NKE cut theirs?
SPY is literally being propped up right now this is MM fuckery there’s no reason we should be up with PCE coming in above and both NKE and MU down on earnings
Looks like I should have grabbed NKE puts after all
NKE put owners gonna be so rich wow.
TicToc is to LULU as NKE is to META.
NKE was terrible.
All im really worried about is my 10/7 90p NKE puts
I started DCA’ing into NKE starting at $110 like a champ. Or is it spelled chump?
These NKE puts finna print bigly 🤑
Tempting to ape into calls if core PCE looks decent but gotta remember earnings estimates will trend down. Looks like FDX and NKE are just the beginning.
NKE getting destroyed. Oregon gonna have to give those stupid green uniforms back so Phil Knight can sell them for scrap.
Im nervous about my NKE and MU options. I could have made more
That's in my mind too. The plan for tomorrow is when the market tanks on $NKE and $MU earnings I plan to roll it out longer. If a bear market rally starts to form, I'll quickly abandon it. Delivery numbers are rumored to be out Sunday and the rumor mill says they could be weak. So the temptation is there to hold.
I typically begin positions with short term 2-3 week positions, catch a 2-3x, then roll down and with more time to clean up the remainder.
That's why I have the warning above my positions. I trade them actively. They won't be my final positions. These weren't even my starting trades.
I have FL 31.50 puts that expire tomorrow I swung for NKE ER. Grabbed them for 0.10 🤞 ITM after hours
How my 10/7 NKE 92P gonna look at open?
I got 8 sep30 nke 81P will they print tmr ?
Dammmmn. Did you see that NKE bounce!! It went from $95 to $85, then must have engaged an afterburner cause it went like a rocket 🚀 from $85 to $86. Bear market over bulls, the bottom is in!!!
I had this awesome idea today and sold a NKE 92 put to collect $219 in premium. Guess how that’s working out for me?
I have those and 10/7 nke puts. Im selling tomorrow
High quality businesses such as $ADBE $GOOGL $MA $META $MSFT $NKE $PYPL $V are now trading between 1-1.25X NTM PEG ratio!
These stocks might decline some more over the near-term, but IMHO that will be a gift for long-term investors.
*This isn't a recommendation, do own DD.