Sandisk Offering Possible 10.86% Return Over the Next 29 Calendar Days

Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 10.86% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock dropped below the $65.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Sandisk 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 Sandisk is bullish.

The RSI indicator is at 73.58 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 Sandisk

[$$] Follow Up
Sat, 22 Feb 2014 06:28:00 GMT

SANDISK CORP Files SEC form 8-K, Change in Directors or Principal Officers
Fri, 21 Feb 2014 20:23:49 GMT

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Samsung may have pushed out 3D NAND ramp, says Macquarie
Tue, 18 Feb 2014 15:25:50 GMT
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Mon, 17 Feb 2014 22:03:24 GMT
Seeking Alpha – SanDisk Corp. ( SNDK ) comes off as a not too prominent a name when we discuss Fortune 500 companies or those that have outperformed the S&P 500 index by a wide margin. The company averages $6.2 billion …

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