NetApp (NTAP) Offering Possible 20.34% Return Over the Next 30 Calendar Days

NetApp's most recent trend suggests a bullish bias. One trading opportunity on NetApp is a Bull Put Spread using a strike $60.00 short put and a strike $50.00 long put offers a potential 20.34% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $1.69 would be kept by the premium seller. The risk of $8.31 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 at 78.78 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

Will NetApp (NTAP) Gain on Rising Earnings Estimates?
Tue, 08 Dec 2020 17:20:05 +0000
NetApp (NTAP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Top Ranked Momentum Stocks to Buy for December 7th
Mon, 07 Dec 2020 16:30:04 +0000
Top Ranked Momentum Stocks to Buy for December 7th

New Strong Buy Stocks for December 7th
Mon, 07 Dec 2020 14:37:02 +0000
New Strong Buy Stocks for December 7th

Company News for Dec 3, 2020
Thu, 03 Dec 2020 14:25:02 +0000
Companies In The News Are: NTAP, WKHS, AMD, PDCO

NetApp (NTAP) in Focus: Stock Moves 9.4% Higher
Thu, 03 Dec 2020 13:42:01 +0000
NetApp (NTAP) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.

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