Sandisk (SNDK) Offering Possible 17.92% Return Over the Next 19 Calendar Days

Sandisk's most recent trend suggests a bearish bias. One trading opportunity on Sandisk is a Bear Call Spread using a strike $95.00 short call and a strike $100.00 long call offers a potential 17.92% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $95.00 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock rose above the $100.00 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 at 26.09 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

Is SanDisk's Recent Drop a Buying Opportunity?
Fri, 25 Jul 2014 09:26:37 GMT
Motley Fool – SanDisk's weak outlook led to a crash. Can it bounce back?

Why SanDisk Corporation Shares Could Drop Even Further
Thu, 24 Jul 2014 16:42:39 GMT
Motley Fool – SanDisk recently hit a road bump that saw its share price drop. But is this a good moment to get in on this hot company?

SanDisk Completes Acquisition of Fusion-io
Wed, 23 Jul 2014 15:15:01 GMT
noodls – Acquisition to Boost SanDisk's Enterprise Growth MILPITAS, Calif.–(BUSINESS WIRE)–Jul. 23, 2014– SanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, today announced it has …

SANDISK CORP Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Other Events, Financial Statemen
Wed, 23 Jul 2014 13:29:21 GMT

SanDisk Completes Acquisition of Fusion-io
Wed, 23 Jul 2014 13:00:00 GMT
Business Wire – SanDisk Corporation , a global leader in flash storage solutions, today announced it has completed the previously announced acquisition of Fusion-io, a leading develo

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