Sandisk Offering Possible 11.36% Return Over the Next 22 Calendar Days

Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $67.50 short put and a strike $62.50 long put offers a potential 11.36% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.50 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock dropped below the $62.50 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 61.38 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

Apple leads record return of cash to shareholders
Sat, 28 Dec 2013 12:00:11 GMT
USA TODAY – Companies are returning value to shareholders at a pace not seen in years.

Is SanDisk A ‘Growth At A Reasonable Price' Investment?
Fri, 27 Dec 2013 17:22:20 GMT
Seeking Alpha – If there is one trend in electronics over the past 10-15 years that towers above all other, it is mobility. Starting with PDAs in the late 1990s, the portability trend has expanded through a huge number …

Seagate to Buy Xyratex
Tue, 24 Dec 2013 18:20:02 GMT
Zacks – In a bid to strengthen its storage business, Seagate Technology is set to acquire Xyratex, a data storage technology provider for $374 million.

Insider Trading Alert – CRM, PRE, PETM, APOL And SNDK Traded By Insiders
Mon, 23 Dec 2013 15:15:00 GMT
TheStreet – Stocks with insider trader activity include CRM, PRE, PETM, APOL and SNDK

Stocks continue record climb: Pisani
Mon, 23 Dec 2013 14:38:00 GMT
CNBC – CNBC's Bob Pisani takes a look at what's likely to move markets today as shares of Apple move higher on its deal to sell iPhones through China Mobile.

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