Nike March (NKE) volatility elevated into Q3 results

Nike (NYSE: NKE) is expected to release Q3 results on March 17. FBR Capital Markets reiterated its Outperform rating with a $98 price target on NKE and say's "Pricing power support superior positioning." Overall option implied volatility of 28 is above its 26-week average of 24 according to Track Data, suggesting larger near term price movement.

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