Nike (NKE - Get Report) just released its earnings. 

The company reported earnings of 62 cents a share, missing analyst expectations of 66 cents a share. 

The company also reported a 4% increase in revenue to $10.2 billion ahead of analysts' $10.16 billion expectations.

Stephen "Sarge" Guilfoyle, a Real Money contributor has some advice for investors keeping a close eye on Nike. 

"I want a bull call spread in Nike, which means I kinda like about enough putting down the equity, that, if you don't like my trades for G-20 that's another one you can add that is a Chinese exposure trade, but, but they're also a little bit Vietnam exposed, which is also becoming a little bit of a problem maybe for the administration. So we have to see there," said Guilfoyle. "But, I think Nike has potential here to maybe come out with some nice numbers. If you get the nice numbers tonight and your long the name, don't wait for G-20 then you take your money off the table. That's my advice. Those are not rules you have to live by it."

 Related. Nike Shares Dip After Rare Fourth Quarter Earnings Miss as Marketing Costs Surge