Sandisk Offering Possible 7.53% Return Over the Next 11 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 7.53% return on risk over the next 11 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 $0.35 would be kept by the premium seller. The risk of $4.65 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 50.41 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

SanDisk Announces Its First Dual USB Drive Designed to Transfer and Backup Content Between Mobile Devices and Computers
Tue, 11 Feb 2014 15:00:00 GMT
Business Wire – SanDisk Corporation , a global leader in flash storage solutions, today announced the SanDisk Ultra® Dual USB Drive, a USB flash drive featuring both a micro-USB and a USB 2.0 connector in a sleek and sturdy form factor.

SanDisk Announces Premium, High-Performance USB 3.0 Flash Drive
Tue, 11 Feb 2014 15:00:00 GMT
Business Wire – SanDisk Corporation , a global leader in flash storage solutions, today announced the SanDisk Extreme PRO® USB 3.0 flash drive, featuring professional-grade performan

SanDisk Announces New MP3 Player Designed for Athletes and Fitness Enthusiasts
Mon, 10 Feb 2014 17:41:05 GMT
noodls – MILPITAS, Calif.–(BUSINESS WIRE)–Feb. 10, 2014– SanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, today announced the SanDiskClip Sport MP3 player, designed with a lightweight …

SanDisk Announces New MP3 Player Designed for Athletes and Fitness Enthusiasts
Mon, 10 Feb 2014 14:00:00 GMT
Business Wire – SanDisk Corporation , a global leader in flash storage solutions, today announced the SanDisk Clip Sport MP3 player, designed with a lightweight build and a clip that enables it to securely attach to clothes.

Why SanDisk's Stock Is A Long-Term Investment Opportunity Right Now
Thu, 06 Feb 2014 18:43:31 GMT
Seeking Alpha – My favorite sectors for my own investments are the basic materials and the tech sector, perhaps because I find it more interesting to research companies from these sectors. I am always looking for a combination …

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