NetApp (NTAP) Offering Possible 8.23% Return Over the Next 10 Calendar Days

NetApp's most recent trend suggests a bearish bias. One trading opportunity on NetApp is a Bear Call Spread using a strike $40.50 short call and a strike $45.50 long call offers a potential 8.23% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $40.50 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock rose above the $45.50 long call 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 down which suggests that the medium-term momentum for NetApp is bearish.

The RSI indicator is at 26.7 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

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NetApp Introduces Software-Defined Object Storage for the Hybrid Cloud
Tue, 23 Sep 2014 12:00:00 GMT
Marketwired – Billions of mobile devices, users, and applications create a massive amount of data every day. Today, NetApp released NetApp® StorageGRID® Webscale object-storage software that helps organizations leverage …

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NetApp Announces First Shipments of FlashRay Systems
Wed, 17 Sep 2014 12:00:00 GMT
Marketwired – NetApp today announced its first shipments of FlashRay™, the company's purpose-built all-flash storage array with the new NetApp® Mars™ operating system. FlashRay is designed from the ground up to improve …

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