Lesson Overview

NKE Earnings Trade

Following earnings from NKE the stock saw a fairly big move lower against our position. But with a simple 1 trade adjustment we were able to re-center the trade and leave room for profits as we got closer to expiration.

During this case study we'll walk through the logistics of placing this earnings hedge trade even after the stock gapped lower and dropped $5 which would traditional freak out most traders.

The key with this adjustment was that we stayed mechanical and acted quickly after the market open to protect our position.

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