Nike ( (NKE) - Get Report ) is this year's dog of the Dow Industrials, off more than 18% for the year, far behind the Dow's other laggards. Stephen Guilfoyle, a Real Money Contributor, has two trade ideas for the beaten down company, ahead of its earnings report. If the stock ends up selling off, Guilfoyle recommends selling puts, specifically the January 20, 2017 $50 puts for $1.13, as well as selling the January 20, 2017 $47.50 puts for 44 cents. Guilfoyle says the puts provide some protection. If the stock ends up taking off, he recommends a bull call spread strategy of buying and selling June 16, 2017 calls.