NKE Short

Nike (NKE) has closed below the Anchored Volume Weighted Average Price (AVWAP) from the recent earnings report. An insider recently bought shares, prompting retail investors to follow. Despite the range-bound trading, there is potential for profit. The plan involves entering a second position at the low of the day (LOD) with a stop loss at the high of the earnings wick. This strategy aims to capitalize on the insider buying signal while managing risk through precise entry and exit points.