NetApp Offering Possible 12.87% Return Over the Next 36 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 12.87% return on risk over the next 36 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 $0.57 would be kept by the premium seller. The risk of $4.43 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 65.99 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 Posts Strong Quarter Despite Low OEM Sales
Fri, 15 Nov 2013 17:37:09 GMT
Seeking Alpha – NetApp ( NTAP ) announced its Q2 FY 2014 earnings on November 13, posting a strong quarter driven by non-GAAP gross margins of 63.6% which were more than 2% higher than the company’s guidance. The company …

NetApp to Participate in the UBS Global Technology Conference on November 19, 2013
Thu, 14 Nov 2013 21:03:38 GMT
noodls – SUNNYVALE, Calif. – November 14, 2013 – NetApp (NASDAQ: NTAP) today announced that Brendon Howe, vice president, product & solutions marketing will participate in a fireside chat at the UBS Global Technology …

NetApp to Participate in the UBS Global Technology Conference on November 19, 2013
Thu, 14 Nov 2013 21:01:00 GMT
Marketwired – NetApp today announced that Brendon Howe, vice president, product & solutions marketing will participate in a fireside chat at the UBS Global Technology Conference on November 19, 2013 at 9:15 a.m. Pacific …

Stocks Trade Mixed As Wal-Mart, Cisco Weigh
Thu, 14 Nov 2013 15:31:00 GMT
Investor's Business Daily – Stocks Trade Mixed As Wal-Mart, Cisco Weigh

NetApp (NTAP) Marked As A Barbarian At The Gate
Thu, 14 Nov 2013 14:58:00 GMT
TheStreet – Trade-Ideas LLC identified NetApp (NTAP) as a “barbarian at the gate” (strong stocks crossing above resistance with today's range greater than 200%) candidate

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