Sandisk Offering Possible 13.64% Return Over the Next 26 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 13.64% return on risk over the next 26 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 $0.60 would be kept by the premium seller. The risk of $4.40 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 60.14 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

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.

Seagate Hits 52-Week High
Mon, 23 Dec 2013 13:00:06 GMT
Zacks – Shares of Seagate Technology hit a new 52-week high of $56.04 on Dec 20, Friday, eventually closing at $55.66.

The Zacks Analyst Blog Highlights: Micron Technology, Apple, Broadcom, SanDisk and Intel
Mon, 23 Dec 2013 12:47:38 GMT
Zacks – The Zacks Analyst Blog Highlights: Micron Technology, Apple, Broadcom, SanDisk and Intel

Is Seagate Destined for Greatness?
Sat, 21 Dec 2013 21:02:16 GMT
Motley Fool – Let's see what the numbers say about Seagate (STX).

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