Sandisk Offering Possible 11.36% Return Over the Next 23 Calendar Days

Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 11.36% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 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 $60.00 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 74.74 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

Micron: Where Do They Stand In The Memory Business?
Thu, 24 Oct 2013 13:30:14 GMT
Seeking Alpha – IC Insights estimates 300mm wafer capacity by company in the table below. At least one correction is needed to bring this data up to date; since the data were generated, Micron ( MU ) has added 60,000 …

InPlay: SanDisk prices $1.3 bln principal amount of Convertible Senior Notes due in 2020
Thu, 24 Oct 2013 12:05:28 GMT

SanDisk Announces Pricing of $1.3 Billion of Convertible Senior Notes
Thu, 24 Oct 2013 12:00:00 GMT
Business Wire – SanDisk Corporation , a global leader in flash storage solutions, announced today the pricing of $1.3 billion principal amount of Convertible Senior Notes due in 2020 .

SanDisk to Float Convertible Notes Issue
Wed, 23 Oct 2013 20:30:21 GMT
Motley Fool – The company aims to raise gross proceeds of up to $1.15 billion with the issue.

SANDISK CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Wed, 23 Oct 2013 11:11:07 GMT

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