Sandisk Offering Possible 7.53% Return Over the Next 26 Calendar Days

Sandisk's most recent trend suggests a bearish bias. One trading opportunity on Sandisk is a Bear Call Spread using a strike $70.00 short call and a strike $75.00 long call offers a potential 7.53% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $75.00 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 36.9 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

Engadget Giveaway: win one of two Kindle Fire HDX tablets courtesy of SanDisk!
Thu, 21 Nov 2013 16:00:00 GMT
Engadget – More storage space, less wires and all topped off with one of Amazon's newest in the Kindle slate series: the 7-inch Fire HDX. SanDisk has cut the cord with its Connect series of wireless portable storage gadgets and felt that two lucky Engadget readers should get a free taste of this next-gen hocus pocus. The SanDisk Connect Wireless Flash Drive offers up to 32GB of space and works double duty, as both a wireless drive and a standard USB device.

SanDisk weakness would be a buying opportunity, says Susquehanna
Thu, 21 Nov 2013 12:40:29 GMT
theflyonthewall.com – SanDisk weakness would be a buying opportunity, says Susquehanna

ChyronHego Corp. (CHYR) Worth a Look: Stock Rises 8.8%
Wed, 20 Nov 2013 11:24:03 GMT
Zacks – ChyronHego Corp. was a big mover last session, as the company saw its shares jump nearly 9% on the day.

First Week of July 2014 Options Trading For SanDisk (SNDK)
Tue, 19 Nov 2013 15:58:00 GMT
Forbes – Investors in SanDisk Corp. (NASD: SNDK) saw new options become available this week, for the July 2014 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 242 days until expiration the newly available contracts represent […]

SanDisk EPS could surpass $6 in 2014, says Pacific Crest
Fri, 15 Nov 2013 13:55:59 GMT
theflyonthewall.com – After meeting with SanDisk's management, Pacific Crest expects the company to benefit from the growth of SSDs. The firm is bullish on the outlook for NAND demand drivers and reiterates an Outperform rating …

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