$NKE
NKE Covered Call (Oct 2026)
Filled View on X
Strategy
Covered Call
Entry date
Oct 5, 2026
Net
$23.25 debit
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Legs
| Action | Qty | Expiry | Strike | Type | Premium |
|---|---|---|---|---|---|
| Buy | 100 | - | - | Stock | $32.90 |
| STO | 1 | Sep 17, 2027 | 25.00 | Call | $9.65 |
Trade thesis
$NKE buy-write 👟
Buy 100 @ $32.90
STO Sep 17 ’27 $25 call (deep ITM)
Net debit: $23.25/share ($2,325)
Called away at $25 → +$1.75/share = 7.5% in 11.4 mo ≈ 7.9% annualized
+ 4 quarterly dividends ($0.41 × 4 = $1.64) → another 7.1%
Max total: 14.6% ≈ 15.3% annualized
Downside protection: $9.65/share of call premium in your pocket - NKE can fall 29.3% to the $23.25 breakeven before you lose a dollar. Even if NKE went to zero, max loss is $23.25/share vs $32.90 owning the stock outright.
NKE 82% off its $179 high, 5.0% yield, dividend raised 4 straight years. Paid to wait.
