NetApp (NTAP) Offering Possible 22.55% Return Over the Next 26 Calendar Days

NetApp's most recent trend suggests a bullish bias. One trading opportunity on NetApp is a Bull Put Spread using a strike $40.00 short put and a strike $35.00 long put offers a potential 22.55% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $40.00 by expiration. The full premium credit of $0.92 would be kept by the premium seller. The risk of $4.08 would be incurred if the stock dropped below the $35.00 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 55.49 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

Samsung's merger doesn't make sense: Nomura
Mon, 27 Oct 2014 22:35:00 GMT

NetApp (NTAP) Stock Up in After-Hours Trading After Riverbed Technology (RVBD) SteelStore Deal
Mon, 27 Oct 2014 20:29:00 GMT
TheStreet – NetApp (NTAP) stock is climbing in after-hours trading after announcing that it acquired Riverbed Technology's (RVBD) SteelStore product line for $80 million.

NetApp Announces Acquisition of Riverbed Technology’s SteelStore Product Line
Mon, 27 Oct 2014 20:10:25 GMT
noodls – Acquisition accelerates NetApp's hybrid cloud strategy to help enterprises control, integrate, move, and consistently manage their data across any cloud SUNNYVALE and SAN FRANCISCO, Calif. – October 27, …

4:01 pm NetApp announces acquisition of Riverbed Technology's (RVBD) SteelStore product line for ~$80 mln in cash
Mon, 27 Oct 2014 20:01:00 GMT

NetApp Announces Acquisition of Riverbed Technology's SteelStore Product Line
Mon, 27 Oct 2014 20:00:00 GMT
Marketwired – NetApp, Inc. today announced the acquisition of Riverbed Technology's SteelStore product line in an all-cash transaction for approximately $80 million. The SteelStore product supports leading backup applications …

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