NetApp (NTAP) Offering Possible 14.42% Return Over the Next 33 Calendar Days

NetApp's most recent trend suggests a bullish bias. One trading opportunity on NetApp is a Bull Put Spread using a strike $40.50 short put and a strike $35.50 long put offers a potential 14.42% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $40.50 by expiration. The full premium credit of $0.63 would be kept by the premium seller. The risk of $4.37 would be incurred if the stock dropped below the $35.50 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 at 74.47 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 NetApp

Boeing, NetApp Test Risky Levels, Deere Tests Value Level
Mon, 18 Aug 2014 14:05:00 GMT

Stocks close mixed on renewed geopolitical concerns
Fri, 15 Aug 2014 20:49:39 GMT

The Roses in the Market…
Thu, 14 Aug 2014 21:36:15 GMT

NetApp CFO: Value of ‘Portfolio' Emerging; Dismisses Financial Engineering
Thu, 14 Aug 2014 21:13:00 GMT
Barrons.com – Sprinting from a better-than-expected fiscal Q1 report and outlook yesterday afternoon, NetApp (NTAP) CFO Nick Noviello this afternoon was kind enough to take a few minutes to talk by phone. NetApp shares closed up $2.05, or 5%, at $41.35. NetApp is looking at “mid-single-digits” revenue growth for the part of its business known as “branded,” as opposed to that sold through OEMs, this year. I pointed out to Noviello that some on the Street have started to talk about splitting up mature tech firms into a growth company, where there are assets that are still growing nicely, and a “Yieldco.,” an entity that would be milked for cash flows.

NetApp (NTAP) Marked As A Barbarian At The Gate
Thu, 14 Aug 2014 19:11:00 GMT
TheStreet – Trade-Ideas LLC identified NetApp (NTAP) as a “barbarian at the gate” (strong stocks crossing above resistance with today's range greater than 200%) candidate

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