Struggling Nike Stock Popular Amongst Options Bears

Nike Inc (NYSE:NKE) landed on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that saw the most options volume over the last two weeks. NKE saw more than 2.9 million calls and 2.9 million puts exchanged during this time frame, giving it the most put-heavy call/put ratio of any stock on the list.

The shares hit an intraday 13-year low of $31.98 on Friday following the company's earnings report, ultimately finishing the session 3.6% lower. NKE is headed for its fifth-straight loss today, last seen down 0.9% at $33.57.

Options traders are leaning bearish today as well. NKE's net option delta volume sits at -252,264, with bearish pressure equivalent to 747,281 shares outweighing bullish pressure of 495,017 shares.