ATA – Open NKE Bull Call Diagonal – FEB17/MAR3 56/56.5

NKE has been in a steady but relatively slow trend up for the last few months. I expect this to continue for the next few weeks, but I am concerned we may have a bit of a pullback.

This trade is designed to make money from the slow progression towards the 56 strike and at the same time limit our losses if NKE suddenly pulls back.

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