Apple chief government Tim Cook dinner is piling money into shares of a preferred athletic agency that has seen its inventory worth plummet greater than 60% during the last 4 years.
A brand new submitting with the Securities and Trade Fee (SEC) reveals Cook dinner acquired 50,000 shares of Nike’s (NKE) Class B widespread inventory at $58.97 final month.
With the current $2.94 million buy, Cook dinner owns 105,480 NKE shares price about $5.50 million at present costs.
The Apple CEO is just not the one one bullish on Nike regardless of its deep correction from an all-time excessive of $179.10, which it hit in November of 2021.
In the meantime, a 13F submitting with the SEC reveals billionaire Paul Tudor Jones’s Tudor Funding positioned name choices protecting greater than 1 million shares of NKE price $71.63 million in Q3 of 2025. The asset supervisor additionally holds 140,700 NKE places price $9.811 million as a hedge whereas proudly owning 26,447 Nike shares valued at $1.844 million.
In choices buying and selling, a name provides the customer the fitting, however not the duty, to purchase an asset at a strike worth. Consumers are sometimes bullish as they anticipate the value of the asset to soar above the strike worth. In the meantime, a put possibility can function a hedge for an entity’s core inventory holding if the asset falls under the strike worth.
NKE is presently buying and selling at $63.10, whereas its Class B widespread inventory is price $52.22.
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