Nike Beat Earnings 8 Quarters in a Row and the Stock Fell 60%

Nike has beaten earnings expectations eight quarters in a row, and the stock is down 60% over those same eight quarters. It is off 80% from the 2021 peak, the market cap has shrunk from 264 billion to about 57 billion, it is the worst stock in the Dow this year, and it just got removed from the S&P 100. Revenue is roughly flat at 46.4 billion. The business did not break. The multiple did. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 8 beats, stock down 60% 00:28 The business didn't break 00:41 The street quit trying to agree 00:53 How the options priced past prints 01:24 Is 7.26% too cheap 01:34 Five straight losing years 02:33 Earnings gaps on the chart 02:53 Booted from the S&P 100 03:11 Loaded into this week's move 04:36 Call skew at the lows 06:16 Into year end 08:06 How he's playing it #tastylive #mathcheck #nike #earnings #impliedmove #callskew #nkestock #optionsstrategy #optionstrading #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.