Athletic retailer Nike Inc (NYSE:NKE) is set to report earnings after the closing bell tomorrow, March 21. NKE stock has rallied nearly 20% since its early November lows, breaking north of a channel of lower highs and resistance at $53 -- three times its 2008 peak -- and was last seen trading at $58.48, in territory not charted since September. However, NKE options traders have been placing bearish bets at a faster-than-usual pace lately, short interest lingers around multi-year highs, and many analysts remain wary of the Dow outperformer.
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