NetApp (NTAP) Offering Possible 7.07% Return Over the Next 9 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 7.07% return on risk over the next 9 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 $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock dropped below the $50.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for NetApp is bearish and the probability of a decline 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

Why NetApp Shares Rose after Fiscal 2Q18 Results
Mon, 04 Dec 2017 20:01:58 +0000
The stock price of storage tech firm NetApp (NTAP) rose 30% in November 2017, closing the month at $56.51 on November 30, 2017.

HPE and Dell Are Under Pressure as Amazon and Others Upend Storage
Sat, 02 Dec 2017 12:03:00 +0000
Cloud adoption and other trends are making life tough for the some of the storage industry's traditional giants.

See what the IHS Markit Score report has to say about NetApp Inc.
Fri, 01 Dec 2017 13:04:42 +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.

TODAY'S CHARTS: Regal reveals possible merger; Chipotle pops on CEO search; Autodesk's messy turnaround
Wed, 29 Nov 2017 16:57:00 +0000
Regal Entertainment (RGC) shares higher after the theater operator confirmed it's in talks with its UK peer Cineworld Group for a potential buyout. Autodesk (ADSK) shares are tanking after reporting profits and revenue roughly in line with estimates, but announcing a massive restructuring plan that includes layoffs of more than 1,000 employees. Chipotle (CMG) shares are surging after announcing the founder and current CEO Steve Ells will become executive chairman and the restaurant chain will search for a new CEO. Justine Underhill discusses the charts of the day.

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, …

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