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Barchart
Gavin McMaster

Long-Term Bull Put Spread Provides Opportunities for NKE Bulls

NKE NIke United States

Nike (NKE) has hit a rough patch recently with the stock down 56% from its all-time high. NKE is also the most oversold stock in the Dow Jones Industrial Index as measured by RSI.

NKE stock is trading at a PE Ratio of 18.39 which is well below the 5-year average PE Ratio of 40.98.

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