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NKE earnings play/ Earnings call after market closes on 6/25

okay here is my earnings play for the day RSI low in oversold area after running high on last channel bounce ER today after close. Usually sees 2-3% gap on ER expected to beat plus good guidance with new NBA deal and TPP passing.

I'm looking at JUL 2 calls at 109 to purchase before EOD and sell tomorrow at open. Could hedge by doing bull spread buying calls at 104 and selling calls at 107. Not alot of option activity so watch your stops and be prepared to sell at market rate to get out of them.

Good strong high rated stock. Analyst targets looking for 110 range. Recently at ATH. This ER could blow the top off of it and push it higher for big break out. Still expect it to go up. This is a short term play only. There might be heavy selling tomorrow with people trying to take their profits unless this breaksout and starts a run
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