NKE its not DECKERS
NKE is the AAPL of the sport sector
This is just a opportunity to get long tomorrow after shorts, retail finish fighting. I personly don't think funds are selling on todays earnings.
"One option trader Thursday bought about 10,000 January $50 “call” options, which give the trader the right to buy a million shares for $50 each by January. With the options costing a total of $1.1 million, the bet looks for Deckers shares to climb 41% to $51.10 by expiration on Jan. 19 to break even. Deckers’s shares last finished above that level Aug. 21."
Hi CW! I agree. I was looking at the NKE chart. First of all, NKE is overvalued. Secondly, the technicals do look just like DECK. As for DECK, yep it's a great value now and some huge options trader made a bet that it will be at 51 in January.