NetApp (NTAP) Offering Possible 10.38% Return Over the Next 13 Calendar Days

NetApp's most recent trend suggests a bullish bias. One trading opportunity on NetApp is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 10.38% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock dropped below the $50.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for NetApp 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 NetApp 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 NetApp

Report: Developing Opportunities within Twitter, GoPro, Mohawk Industries, Community Health, NetApp, and Ultra Petroleum — Future Expectations, Projections Moving into 2018
Wed, 29 Nov 2017 13:10:00 +0000
NEW YORK, Nov. 29, 2017– In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Twitter, …

See what the IHS Markit Score report has to say about NetApp Inc.
Wed, 29 Nov 2017 13:05:23 +0000
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Technology sector is rising.

Tom Mendoza Joins UiPath Board of Directors
Wed, 29 Nov 2017 13:00:00 +0000
Tom Mendoza brings considerable growth leadership and expertise to UiPath. “Tom is a seasoned technology executive and I am excited to welcome him to the UiPath board of directors,” said Daniel Dines, CEO and Co-Founder, UiPath.

These Factors Are Affecting Seagate’s Capital Returns
Tue, 28 Nov 2017 12:32:26 +0000
Seagate Technology (STX) returns value to its investors through a combination of dividends and share repurchases.

How Do NetApp’s Capital Returns Look?
Mon, 27 Nov 2017 16:30:25 +0000
NetApp (NTAP) recently declared a quarterly cash dividend of $0.20 per share, which will be distributed to shareholders on January 24, 2018.

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