Options market activity for Nike Inc. (NKE) climbed to 199,431 contracts by 2:01 p.m. New York time on Tuesday, according to exchange data compiled by Bloomberg. Trading was split almost evenly between calls and puts - 100,014 call contracts versus 99,417 put contracts - through the reported timestamp.
Several individual strikes accounted for meaningful portions of the session's activity. The most actively traded contract was the July 2, 2026 $39 put, with 7,634 contracts changing hands and an open interest reading of 1,901 contracts. Close behind in turnover was the July 2, 2026 $45 call, which posted 7,115 contracts traded and carried a larger open interest of 13,020 contracts.
Other frequently traded strikes included the July 2, 2026 $33 put, which recorded 6,585 contracts with an open interest of 440; the July 17, 2026 $40 put, showing 5,478 contracts traded and an open interest of 15,423; and the September 18, 2026 $40 put, which accounted for 5,198 contracts with an open interest of 9,414.
These figures show concentrated activity in mid-2026 expirations, with multiple $40-area strikes attracting substantial order flow and open interest. While the session's total volume approaches 200,000 contracts, the near parity between calls and puts suggests balanced directional activity in aggregate over the reporting interval.
Beyond the raw volume and open interest figures, the data as presented do not specify the motivations behind the trades - for example, whether they represent directional speculation, hedging, spreads, or other multi-leg strategies. The reported snapshot therefore describes the distribution and scale of exchange-reported options transactions for the timestamp provided, without further detail on counterparties or broader positioning.
Market context and implications
This session's activity highlights that a subset of mid-2026 strikes, particularly those clustered around $33 to $45, served as focal points for traders during the reported window. The combination of high turnover and varied open interest across those strikes is relevant to market participants monitoring liquidity, potential price-impact risk in single strikes, and where concentrated option positions sit on the books as expirations approach.
For investors and analysts focused on consumer discretionary equities and derivative market functioning, the dataset provides a clear record of where option market participants concentrated their activity during the stated period.