Sandisk (SNDK) Offering Possible 18.2% Return Over the Next 16 Calendar Days

Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 18.2% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock dropped below the $72.50 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 at 77.12 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

See How SanDisk Ranks Among Analysts' Top Picks With Strong Buyback Activity
Thu, 03 Apr 2014 17:18:00 GMT
TheStreet – A study of analyst recommendations at the major brokerages shows that SanDisk Corp. is the #75 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity.

May 23rd Options Now Available For SanDisk (SNDK)
Thu, 03 Apr 2014 16:04:00 GMT
TheStreet – Investors in SanDisk Corp. saw new options become available today, for the May 23rd expiration.

Memory OPEC Part 3: Samsung Vs. Micron And SanDisk
Thu, 03 Apr 2014 15:51:54 GMT

SANDISK SETS APRIL 16 TO DISCUSS FIRST QUARTER 2014 FINANCIAL RESULTS
Wed, 02 Apr 2014 20:07:00 GMT
Thomson Reuters ONE – SanDisk Corporation 951 SanDisk Drive Milpitas, CA 95035-7932 Phone: 408-801-1000 NEWS RELEASE Investor Contacts: Brendan Lahiff, 408-801-1732 Brendan.Lahiff@sandisk.com Media Contact: Lee …

Data vendors could benefit from cloud expansion, Pac Crest says
Tue, 01 Apr 2014 14:20:26 GMT
theflyonthewall.com – Data vendors could benefit from cloud expansion, Pac Crest says

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