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Tackle Today: Stock of the week: Nike

October 3, 2019

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Tackle Today: Stock of the week: Nike | Tackle Trading (Photo by REVOLT on Unsplash)

« You grow or you die. »

“There were many ways down Mount Fuji, according to my guidebook, but only one way up. Life lesson in that, I thought.”

Phil Knight —

‘Success’ has many definitions. “Accomplishing a desired aim or result” or “Having achieved fame, wealth, or social status” are both well-accepted meanings. Scholars and intellectual authorities sure can come up with better definitions of success than us, mere mortals.

If you look closely, ‘achievement’ could be considered the common denominator. If you achieve something, then you are successful.

Now how about living an overall successful life? Then the common denominator shifts to the path itself.

Whatever you define it, real success has at least two pillars: sheer hard work and passion. These two will define your path to accomplishment. You can argue that lucky is also a key component in achieving success in life but what if lucky is just opportunity meeting preparation? Then you go from a passive to an active state of mind: you gotta be prepared and see opportunities when no one else sees them. How? With sheer hard work and passion.

This is what the book ‘Shoe Dog’, a memoir by the creator of NIKE, Phil Knight, teaches us.

  • Prepare yourself to be successful.
  • Know what you want.
  • Life is growth. You grow or you die.
  • Never let money define who you are.

You voted you got it: Nike Inc. (NYSE: NKE) is the Stock of the Week on Tackle’s Instagram. Go to our profile and check the analysis done by Coach Tyler Craig.

  • The stock performed well on earnings;
  • Potentially running to $100.00;
  • IV coming down;
  • Cheap options.

Go check it out!

Chart of the Day

Nike (NYSE: NKE)

Chart of the day: Nike (NYSE: NKE)

Nice chart. A trendless stock since March with a clear resistance on the 90ish level. Earnings came and BOOM! Now old resistance becoming new support. Lovely.

Go to Tackle’s Instagram and check Coach Tyler’s analysis on the stock.

Video of the day

What is Implied Volatility

IV is the expected or implied volatility of an annualized stock move of one standard deviation.

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