Nike's October 1 report is the catalyst. Revenue of $11.21 billion missed estimates and fell 4 percent year over year, with Greater China down more than 20 percent for a ninth straight quarterly decline. Management guided FY2027 revenue down high single digits and adjusted EPS to $1.15 to $1.35, below the $1.64 a share the company pays in dividends. The Pace restructuring defers $2.5 billion of savings to fiscal 2031, so the cost cuts provide no near-term earnings support. Shares sit at $33.64 near a 13-year low after a 9 percent post-earnings drop. NKE IV percentile is roughly 30, the cheap end of the range, and the June 2027 expiry spans three more earnings reports of guided declines. Options liquidity is rated 4. The main risk is a bounce: the bear case is crowded, and value buyers, an activist, or a better-than-feared holiday quarter can lift the shares against the fundamentals. Beta of 0.79 means broad market weakness alone will not sink this stock; the declines have to come from Nike itself, and its own guidance says they will.
NKE options
Nike, Inc.: implied volatility, options liquidity and upcoming catalysts, as the public market snapshot holds them.
Price and volatility
- Price
- $38.53
- Change
- −$0.14 (−0.36%)
- IV rank
- 51.2
- IV percentile
- 56.7
- Implied volatility
- 42.6%
- Implied volatility, 5-day change
- −1.6 pts
- Historical volatility, 30-day
- 37.2%
- Implied minus historical volatility
- +5 pts
- Implied volatility term structure
- 43.3% for Nov 13, 2026, 57.1% for Nov 20, 2026
- Options liquidity
- 4/5
- Share volume
- 36.1K
- Market cap
- $57.3B
- 52-week range
- $31.97–$69.14
- Lendability
- Easy To Borrow
- Next earnings
- Dec 17, 2026
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Upcoming catalysts
· earnings · confirmed
NKE earnings