Sandisk (SNDK) Offering Possible 28.87% Return Over the Next 33 Calendar Days

Sandisk's most recent trend suggests a bearish bias. One trading opportunity on Sandisk is a Bear Call Spread using a strike $100.00 short call and a strike $110.00 long call offers a potential 28.87% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $2.24 would be kept by the premium seller. The risk of $7.76 would be incurred if the stock rose above the $110.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Sandisk is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Sandisk is bearish.

The RSI indicator is at 42.44 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Sandisk

SanDisk Expands Portfolio of 4K Enabled Products with the Introduction of the World’s Fastest, High-Capacity microSD™ UHS-I Memory Card
Tue, 16 Sep 2014 07:01:00 GMT
Business Wire – PHOTOKINA – SanDisk Corporation , a global leader in flash storage solutions, today announced the world’s fastest microSD UHS-I memory card, the 64GB** SanDisk Extreme PRO® microSDXC™ UHS-I card.

SanDisk Announces ULLtraDIMM Design Win with Huawei
Tue, 16 Sep 2014 01:30:00 GMT
Business Wire – MILPITAS, Calif. & SHANGHAI–(BUSINESSWIRE)– SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, today announced that its award-winning ULLtraDIMM™ Solid State Drive (SSD), has been selected by Huawei Technologies Co. Ltd for inclusion in its RH8100 V3 servers. Huawei selected the ULLtraDIMM SSD after extensive testing under a variety of enterprise workloads and end-user scenarios using the RH8100 V3 server, which demonstrated the ULLtraDIMM SSD achieved the industry’s lowest write latency at less than five microseconds and offered bandwidth that topped that of any other SSD solution. “The ULLtraDIMM SSD was designed to expand the reach of ultra-low latency flash storage throughout the data center and scale to meet the requirements of any enterprise application, no matter how bandwidth or capacity intensive,” said John Scaramuzzo, senior vice president and general manager, Enterprise Storage Solutions at SanDisk. “We are very excited to partner with Huawei to offer this innovative, ultra-low latency storage solution, which will accelerate the performance of its customers’ cloud, virtualization, OLTP, HPC and other applications, and help them experience the benefits of a flash-transformed data center.”

SanDisk Announces ULLtraDIMM Design Win with Huawei
Tue, 16 Sep 2014 01:30:00 GMT
Business Wire – SanDisk Corporation , a global leader in flash storage solutions, today announced that its award-winning ULLtraDIMM™ Solid State Drive , has been selected by Huawei Technologies Co.

The Zacks Analyst Blog Highlights: Micron Technology, SanDisk, Stratasys, Cirrus Logic and Quiksilver
Fri, 12 Sep 2014 11:59:12 GMT

SanDisk's 512GB SD card will hold all the 4K video you can handle
Thu, 11 Sep 2014 21:33:00 GMT

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