Nike is at decade lows around $40 to $45. Most traders would sell a put here for $100 in credit at 66% probability of profit. Mike Butler says that is the wrong trade. You take on undefined risk on a stock that has already fallen hard and the $100 credit does not compensate for a potential $900 loss if Nike drops another 10 points. At multi-year lows he would rather buy a LEAP. Get time. Get upside. Cap the downside. You get what you pay for when buying premium. 🎙️ Mike Butler | Options in Action | tastylive #Nike #LEAPs #OptionsTrading #MikeButler #tastylive #OptionsInAction #DecadeLows #Shorts tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is cre...