Sandisk (SNDK) Offering Possible 15.74% Return Over the Next 16 Calendar Days

Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 15.74% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock dropped below the $95.00 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 above 80 which suggests that the stock is in overbought 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

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Thu, 03 Jul 2014 12:33:12 GMT

SANDISK SETS JULY 16 TO DISCUSS SECOND QUARTER 2014 FINANCIAL RESULTS
Wed, 02 Jul 2014 15:05:53 GMT
noodls – Investor Contacts: Brendan Lahiff, 408-801-1732 Brendan.Lahiff@sandisk.com Media Contact: Michael Diamond, 408-801-1108 Michael.Diamond@sandisk.com MILPITAS, Calif., Jul. 2, 2014 – SanDisk Corporation …

SANDISK SETS JULY 16 TO DISCUSS SECOND QUARTER 2014 FINANCIAL RESULTS
Wed, 02 Jul 2014 13:04:02 GMT
Thomson Reuters ONE – Investor Contacts: Brendan Lahiff, 408-801-1732 Brendan.Lahiff@sandisk.com Media Contact: Michael Diamond, 408-801-1108 Michael.Diamond@sandisk.com SANDISK SETS JULY 16 TO DISCUSS SECOND QUARTER 2014 FINANCIAL …

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Investor's Business Daily – The average large-cap growth fund has been left in the dust by its small- and midcap growth counterparts as well as the broad stock market over the past 15 years. But the top-performing large-cap growth …

Today SanDisk (SNDK) Hits New Lifetime High
Tue, 01 Jul 2014 13:46:00 GMT
TheStreet – Trade-Ideas LLC identified SanDisk (SNDK) as a new lifetime high candidate

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