Sandisk (SNDK) Offering Possible 17.19% Return Over the Next 36 Calendar Days

Sandisk's most recent trend suggests a bearish bias. One trading opportunity on Sandisk is a Bear Call Spread using a strike $85.00 short call and a strike $92.50 long call offers a potential 17.19% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $6.40 would be incurred if the stock rose above the $92.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Sandisk is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Sandisk is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold 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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Wed, 14 Jan 2015 21:50:00 GMT

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SanDisk Provides Business Update and Sets January 21 to Discuss Fourth Quarter Financial Results
Wed, 14 Jan 2015 04:50:07 GMT
noodls – MILPITAS, Calif.–(BUSINESS WIRE)–Jan. 12, 2015– SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, today provided preliminary revenue results for its fourth fiscal quarter …

Are SanDisk’s Best Days Behind It as Samsung Competes to Sell Chips?
Tue, 13 Jan 2015 21:24:00 GMT

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