Sandisk Offering Possible 11.86% Return Over the Next 32 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 11.86% return on risk over the next 32 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 $0.53 would be kept by the premium seller. The risk of $4.47 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 70.47 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

Samsung may have pushed out 3D NAND ramp, says Macquarie
Tue, 18 Feb 2014 15:25:50 GMT
theflyonthewall.com – Samsung may have pushed out 3D NAND ramp, says Macquarie

SanDisk: Why Solid State Drives Will Lead The Future And Increase Your Returns
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 …

SanDisk Announces World’s Fastest SD Card
Wed, 12 Feb 2014 15:41:19 GMT
noodls – SanDisk Extreme PRO® SDHC™/SDXC™ UHS-II Memory Card Provides the Fastest Memory Card Shot Speed and the Highest Video Performance Available MILPITAS, Calif.–(BUSINESS WIRE)–Feb. 12, 2014– SanDisk Corporation …

SanDisk Announces World’s Fastest SD Card
Wed, 12 Feb 2014 14:00:00 GMT
Business Wire – SanDisk Corporation , a global leader in flash storage solutions, today announced the SanDisk Extreme PRO® SDHC™/SDXC™ UHS-II card. It is the world’s fastest SD™ memory card, and is based on the latest high performance SD specification.

SanDisk's latest flagship SD card supports extremely fast write speeds, 4K video
Wed, 12 Feb 2014 14:00:00 GMT

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