Sandisk (SNDK) Offering Possible 21.65% Return Over the Next 24 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 21.65% return on risk over the next 24 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 $0.89 would be kept by the premium seller. The risk of $4.11 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 61.37 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

Fusion-io, SanDisk Filings Point to Frenetic Flash-Memory Phase
Wed, 25 Jun 2014 15:13:52 GMT
The Wall Street Journal – Companies bringing flash memory technology to computer rooms have been consolidating rapidly. To get a real sense of the activity, though, it helps to read documents filed this week in connection with …

CORRECTING and REPLACING SanDisk’s Commitment to Supply Chain Excellence Recognized With Multiple Distinctions
Tue, 24 Jun 2014 23:28:00 GMT
Business Wire – In paragraph 6, the quote should be attributed to Kevin Iaquinto .

Chip Sales This Year Better Than Expected: Gartner
Tue, 24 Jun 2014 19:12:00 GMT

Bullish sentiment surrounds Micron
Tue, 24 Jun 2014 16:16:00 GMT
CNBC – After Micron's “phenomenal quarter,” FMHR trader Mike Murphy is a bull, but Joe Terranova is a seller.

Micron climbs, upgraded after results beat expectations
Tue, 24 Jun 2014 15:52:54 GMT
theflyonthewall.com – Micron climbs, upgraded after results beat expectations

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