Sandisk (SNDK) Offering Possible 15.21% Return Over the Next 17 Calendar Days

Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $91.00 short put and a strike $86.00 long put offers a potential 15.21% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $91.00 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $4.34 would be incurred if the stock dropped below the $86.00 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 70.44 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

10-Q for SanDisk Corp.
Thu, 06 Nov 2014 00:08:33 GMT

SANDISK CFO TO PRESENT AT RBC CAPITAL MARKETS' TECHNOLOGY, INTERNET, MEDIA AND TELECOMMUNICATONS CONFERENCE NOVEMBER 10
Wed, 05 Nov 2014 14:58:50 GMT
noodls – SANDISK CFO TO PRESENT AT RBC CAPITAL MARKETS' TECHNOLOGY, INTERNET, MEDIA AND TELECOMMUNICATONS CONFERENCE NOVEMBER 10 MILPITAS, Calif., Nov. 5, 2014 – SanDisk Corporation (NASDAQ: SNDK), a global leader …

SANDISK TO PRESENT AT THE NEEDHAM NEXT-GEN STORAGE & NETWORKING CONFERENCE NOVEMBER 11
Wed, 05 Nov 2014 14:58:50 GMT
noodls – MILPITAS, Calif., Nov. 5, 2014 – SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, today announced that John Scaramuzzo, senior vice president and general manager, enterprise …

SANDISK TO PRESENT AT THE NEEDHAM NEXT-GEN STORAGE & NETWORKING CONFERENCE NOVEMBER 11
Wed, 05 Nov 2014 14:01:14 GMT
Thomson Reuters ONE – SANDISK TO PRESENT AT THE NEEDHAM NEXT-GEN STORAGE & NETWORKING CONFERENCE NOVEMBER 11 MILPITAS, Calif., Nov. 5, 2014 – SanDisk Corporation (NASDAQ: SNDK ), a global leader in flash storage solutions, …

SANDISK CFO TO PRESENT AT RBC CAPITAL MARKETS' TECHNOLOGY, INTERNET, MEDIA AND TELECOMMUNICATONS CONFERENCE NOVEMBER 10
Wed, 05 Nov 2014 14:01:14 GMT
Thomson Reuters ONE – SANDISK CFO TO PRESENT AT RBC CAPITAL MARKETS` TECHNOLOGY, INTERNET, MEDIA AND TELECOMMUNICATONS CONFERENCE NOVEMBER 10 MILPITAS, Calif., Nov. 5, 2014 – SanDisk Corporation (NASDAQ: SNDK ), a global …

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