Nike calls are up this morning. Keep in mind we just came off a ~75% down cycle, with the stock dropping around 38% in about two months during that stretch, put options were surging similar to how gold was moving. $NKE $DIA $XLY Now we’re seeing a sharp uptick in call volume, which is the opposite of what showed up before the last major downside move. Maybe we get another pullback… or this turns into one of those “most hated” rallies where people are waiting for lower that doesn't come soon. Either way, we’ll see how it plays out. $SPY https://t.co/oCLWt6Ltv3