Close Menu
    Wall Street

    Nike [NKE] just fell off a cliff after earnings. I wanna see some of that juicy loss [or gain] porn


    Nike [NKE] just fell off a cliff after earnings. I wanna see some of that juicy loss [or gain] porn

    https://i.redd.it/26tbho36479d1.png

    Posted by Geoffs_Review_Corner

    View 27 Comments

    27 Comments

    2. foxasintheanimal on

      Nike forecasts a 10% decline in their busy summer quarter, so that’s not great. 5ish% decline for the duration of their next fiscal year. Previously, they were going to grow low single digits.

    4. -Indictment- on

      I run an E-Commerce business. I am not a “Sneaker Reseller” but I do come across them frequently. They are dropping like flies. I know this doesn’t represent Nike as a whole. But it seems like the “Hype” shoes side of the business is dying down.

    6. CodMedium726 on

      Bought 2 puts of $91 Jun28. Cost like $450. Had it preview at 7 puts but got scared and went to 2. Need a new third category for winners who pussed out. 

    7. ian_v_t on

      Bought 100 shares at 94.12 one minute before closing. I’m a long term investor now ![img](emote|t5_2th52|31225)

    8. CarioGod on

      I have 7/5 90p, y’all think I should sell at open or that it’ll bump down mid day?

    9. Redditmodslie on

      Nike has some major headwinds coming, increased labor costs, lower consumer spending and the brand cycling out of favor after a long, sustained positive trend.

    12. yerFACE on

      I was so close to 94 puts 6/28 today. Just couldn’t do it after my MU loss.

      Damn me. With regards,

    14. SavageLife6 on

      Sold 1 $90P.

      $850 loss currently.

      If the Schwab app let me screenshot I’d post it but take my word for this major L.

    18. lorenzel7 on

      This drop will continue on.. Plenty of sneakers that would’ve sold out 2 years ago just sitting on shelves. Nike did it to themselves 🤷🏼‍♂️

    22. AFisch00 on

      I mean I can buy their shoes off dhgate for 1/5 of the price, puts for dayyyyyyys.

    23. Live_Key2247 on

      If you’re putting money in Nike like what are we doing. Scratch offs might get you a better buck

    24. Tight-Bath-6817 on

      I think, people are realizing that its NOT worth buying $200 to $300 shoes especially in this economy.

      Last time I bought Nike……actually NEVER O_O…I just remember that my most expensive shoes were adidas running shoes for $120 back in 2018?

    25. drarkayl on

      i have a multi option order.
      my call legs will expire worthless but i have 25 85P for july 26. (avg cost $1)

      not sure if i should hold or sell at the open tomorrow.

    Leave A Reply
    Share via