NetApp (NTAP) Offering Possible 19.05% Return Over the Next 18 Calendar Days

NetApp's most recent trend suggests a bullish bias. One trading opportunity on NetApp is a Bull Put Spread using a strike $42.50 short put and a strike $37.50 long put offers a potential 19.05% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $42.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $37.50 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 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

NetApp downgraded by Standpoint Research
Tue, 04 Nov 2014 16:16:27 GMT

NetApp Hosts Second Quarter Fiscal Year 2015 Financial Results Webcast
Thu, 30 Oct 2014 20:35:31 GMT
noodls – Sunnyvale, Calif. – October 30, 2014 – After market close on Wednesday, November 12, 2014, NetApp (NASDAQ: NTAP) will announce financial results for the second quarter of fiscal year 2015, which ended …

NetApp Hosts Second Quarter Fiscal Year 2015 Financial Results Webcast
Thu, 30 Oct 2014 20:01:00 GMT
Marketwired – After market close on Wednesday, November 12, 2014, NetApp will announce financial results for the second quarter of fiscal year 2015, which ended October 24, 2014.

Traders play NetApp momentum
Thu, 30 Oct 2014 11:47:12 GMT

NetApp Helps Enterprises and Service Providers Build a Hybrid Cloud Foundation
Tue, 28 Oct 2014 12:19:12 GMT
noodls – New software, services and partnerships simplify hybrid cloud deployments and data management LAS VEGAS, Nev. – October 28, 2014 – Tuesday at NetApp Insight™ North America 2014, NetApp, Inc. (NASDAQ: NTAP) …

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