NetApp (NTAP) Offering Possible 7.76% Return Over the Next 16 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 7.76% return on risk over the next 16 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 $0.36 would be kept by the premium seller. The risk of $4.64 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 at 70.73 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

NetApp to Participate in the Barclays, Raymond James and BMO Tech Conferences On December 9 and 10, 2014
Fri, 05 Dec 2014 00:05:58 GMT
noodls – Sunnyvale, Calif. – December 04, 2014 – NetApp (NASDAQ: NTAP) today announced Tim Russell, vice president, product management, will participate in a fireside chat at the Barclays Technology Conference …

NetApp to Participate in the Barclays, Raymond James and BMO Tech Conferences on December 9 and 10, 2014
Thu, 04 Dec 2014 21:01:00 GMT
Marketwired – NetApp today announced Tim Russell, vice president, product management, will participate in a fireside chat at the Barclays Technology Conference in San Francisco, CA, on December 9, 2014 at 3:30 p.m. …

Cramer: Starbucks figured out mobile ahead of everyone
Thu, 04 Dec 2014 14:48:00 GMT

NetApp Teams with VMware to Deliver Enterprise-Class EVO: RAIL Integrated Infrastructure
Wed, 03 Dec 2014 13:44:44 GMT
noodls – New Hyper-converged Infrastructure Solution Simplifies the Delivery of Software-Defined Infrastructure Services SUNNYVALE, Calif. – December 03, 2014 – NetApp, Inc. (NASDAQ: NTAP), in an extension of its …

NetApp Teams With VMware to Deliver Enterprise-Class EVO: RAIL Integrated Infrastructure
Wed, 03 Dec 2014 13:00:00 GMT
Marketwired – NetApp, Inc. , in an extension of its collaboration with VMware, today announced the NetApp® Integrated EVO: RAIL Solution, a new hyper-converged infrastructure solution powered by VMware® EVO: RAIL™ and …

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