Moderately bullish activity in Nike with shares down 2.64%

Moderately bullish activity in Nike (NKE), with shares down $1.71 near $62.88. Options volume roughly in line with average with 74k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.65. Implied volatility (IV30) is higher by 0.7 points near 33.78,and above the 52wk median, suggesting an expected daily move of $1.34. Put-call skew flattened, suggesting a modestly bullish tone.