Whales with a lot of money to spend have taken a noticeably bearish stance onNike.

Looking at options history for Nike (NYSE:NKE) we detected 14 trades.

If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 71% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $1,434,949 and 5, calls, for a total amount of $226,085.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $90.0 for...