Sandisk (SNDK) Offering Possible 18.76% Return Over the Next 29 Calendar Days

Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 18.76% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock dropped below the $92.50 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 70.51 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

Texas Instruments’ strong cash flow supports good dividends
Fri, 21 Nov 2014 17:00:23 GMT

ADDING MULTIMEDIA SanDisk Co-Founder and Retired CEO Receives United States’ Highest Honor for Scientific Achievement and Innovation at White House Ceremony
Fri, 21 Nov 2014 00:20:31 GMT
noodls – Dr. Eli Harari Awarded National Medal of Technology and Innovation by President Obama WASHINGTON–(BUSINESS WIRE)–Nov. 20, 2014– SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage …

ADDING MULTIMEDIA SanDisk Co-Founder and Retired CEO Receives United States’ Highest Honor for Scientific Achievement and Innovation at White House Ceremony
Fri, 21 Nov 2014 00:12:00 GMT
Business Wire – SanDisk Corporation , a global leader in flash memory storage solutions, today announced that Dr. Eli Harari, co-founder, and retired chairman and chief executive off

SanDisk Co-Founder and Retired CEO Receives United States’ Highest Honor for Scientific Achievement and Innovation at White House Ceremony
Thu, 20 Nov 2014 21:35:13 GMT
noodls – Dr. Eli Harari Awarded National Medal of Technology and Innovation by President Obama WASHINGTON–(BUSINESS WIRE)–Nov. 20, 2014– SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage …

SanDisk Helps Accelerate High Energy Physics Research for the Origin of the Universe – Supercomputing 2014
Thu, 20 Nov 2014 16:44:10 GMT
noodls – SanDisk's Fusion ioMemory™ Solutions Help University of Victoria and University of Michigan Researchers Push the Boundaries of Network Technology, Enabling New Discoveries MILPITAS, Calif. & NEW ORLEANS–(BUSINESS …

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