Sandisk Offering Possible 10.13% Return Over the Next 24 Calendar Days

Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 10.13% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock dropped below the $67.50 long put strike price.

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

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

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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 Launches New MicroSD Card
Wed, 26 Feb 2014 21:50:07 GMT

[$$] SanDisk Holds Some Wild Cards
Tue, 25 Feb 2014 17:38:00 GMT

SANDISK CEO TO PRESENT AT MORGAN STANLEY TECHNOLOGY CONFERENCE MARCH 3
Tue, 25 Feb 2014 14:04:01 GMT
Thomson Reuters ONE – SanDisk Corporation 951 SanDisk Drive Milpitas, CA 95035-7933 Phone: 408-801-1000 NEWS RELEASE Investor Contact: Brendan Lahiff SanDisk Corporation 408-801-1732 brendan.lahiff@sandisk.com SANDISK …

SANDISK CFO TO PRESENT AT RAYMOND JAMES CONFERENCE MARCH 3
Tue, 25 Feb 2014 14:02:02 GMT
Thomson Reuters ONE – SanDisk Corporation 951 SanDisk Drive Milpitas, CA 95035-7933 Phone: 408-801-1000 NEWS RELEASE Investor Contact: Jay Iyer SanDisk Corporation 408-801-2067 jay.iyer@sandisk.com SANDISK …

A Slow Shift to 3D NAND Is Good News for SanDisk Corporation
Mon, 24 Feb 2014 20:01:59 GMT

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