NKE Pip Value Calculator – NIKE Inc. Trading

The formula is straightforward: Pip Value = Pip Size × Contract Size. For NKE, that's 0.01 × 1 = $1.00 per pip, per contract. No currency conversion needed — NKE is denominated in USD, so the result lands directly in dollars. If you're trading 5 contracts, your pip value is $5.00. Scale that to 20 contracts and a 50-pip move against you is a $1,000 loss. Pulsar Terminal's built-in pip value calculator handles this automatically, pulling contract size and pip value directly from the instrument spec so you're never working from stale data.

NIKE closed at $94.12 on May 2, 2025. Say you're entering long at $94.12 with a stop at $93.62 — that's a 50-pip stop ($0.50 price move). With 1 contract, your risk is exactly $50. Want to risk $200 on the trade? That means 4 contracts. The typical spread on NKE is 0.4 pips ($0.004), which adds roughly $0.40 in entry cost per contract — negligible on a 50-pip stop but worth factoring when scalping tighter ranges. Run these numbers before entry, not after.

Most traders fixate on entry signals and ignore position sizing until a loss stings. That's backwards. With NKE's $1 pip value, your risk exposure is entirely determined by two variables: number of contracts and stop distance in pips. A 100-pip stop on 3 contracts = $300 risk. Cut contracts to 2 and that same stop costs $200. This linear relationship makes NKE one of the cleaner instruments to size — no fractional pip values, no cross-currency multipliers distorting the math. If your account risk limit per trade is 1% of $10,000 ($100), you need either 1 contract with a 100-pip stop or 2 contracts with a 50-pip stop. Pick the stop that matches the chart structure, then solve for contracts.