Sandisk Offering Possible 11.36% Return Over the Next 8 Calendar Days

Sandisk's most recent trend suggests a bearish bias. One trading opportunity on Sandisk is a Bear Call Spread using a strike $69.00 short call and a strike $74.00 long call offers a potential 11.36% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $69.00 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 rose above the $74.00 long call strike price.

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

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

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

SanDisk Connect: Stream your favorites on the go
Fri, 08 Nov 2013 20:02:10 GMT
CNBC – The SanDisk Connect Wireless Flash Drive and SanDisk Connect Wireless Media Drive provide an easier way to stream and store content across smartphones and tablets, on the go. And no Internet is required….

Store, share & stream with SanDisk Connect
Fri, 08 Nov 2013 17:00:00 GMT
CNBC – SanDisk Connect flash drive allows users to wirelessly stream media without having an Internet connection. The device sells for $50 (16GB) and $60 (32GB). The SanDisk Connect Wireless Media Drive holds …

SANDISK CFO TO PRESENT AT THE RBC CAPITAL MARKETS' TECHNOLOGY, INTERNET, MEDIA & TELECOMMUNICATIONS INVESTOR CONFERENCE NOVEMBER 12
Fri, 08 Nov 2013 15:38:12 GMT
noodls – MILPITAS, Calif., Nov. 8, 2013 – SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, today announced that Judy Bruner, executive vice president, administration and chief financial …

SANDISK CFO TO PRESENT AT THE RBC CAPITAL MARKETS' TECHNOLOGY, INTERNET, MEDIA & TELECOMMUNICATIONS INVESTOR CONFERENCE NOVEMBER 12
Fri, 08 Nov 2013 14:02:01 GMT
Thomson Reuters ONE – SanDisk Corporation 951 SanDisk Drive Milpitas, CA 95035-7932 Phone: 408-801-1000 NEWS RELEASE SANDISK CFO TO PRESENT AT THE RBC CAPITAL MARKETS` TECHNOLOGY, INTERNET, MEDIA & TELECOMMUNICATIONS …

SanDisk, Aspen Technology, And Sirona Dental Systems Offer Great Fundamentals And Growth
Thu, 07 Nov 2013 17:02:09 GMT
Seeking Alpha – At Equities Lab we are committed to providing recommendations that we truly believe in. The following recommendations have earned our belief based on the criteria used to find the stock and the validation …

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