Sandisk (SNDK) Offering Possible 21.68% Return Over the Next 11 Calendar Days

Sandisk's most recent trend suggests a bearish bias. One trading opportunity on Sandisk is a Bear Call Spread using a strike $97.50 short call and a strike $103.00 long call offers a potential 21.68% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock rose above the $103.00 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 41.99 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

SanDisk Unveils New, Improved USB Flash Drive for Android™ Smartphones and Tablets
Tue, 06 Jan 2015 05:19:50 GMT
noodls – This is an abstract of the original noodl. To continue reading this document, click here for the original version.

SanDisk Unveils New, Improved USB Flash Drive for Android™ Smartphones and Tablets
Mon, 05 Jan 2015 15:47:08 GMT
noodls – SanDisk Ultra Dual USB Drive 3.0 with SanDisk's Memory Zone App for Android, Makes it Easier and Faster than Ever to Manage Mobile Content LAS VEGAS–(BUSINESS WIRE)–Jan. 5, 2015– SanDisk Corporation …

SanDisk Introduces New Affordable SSDs That Boost PC, Laptop or Tablet Performance
Mon, 05 Jan 2015 15:47:08 GMT
noodls – SanDisk® SSD Plus and SanDisk Ultra® II mSATA SSD Designed to Bring New Life to Computing Devices LAS VEGAS–(BUSINESS WIRE)–Jan. 5, 2015– SanDisk Corporation (NASDAQ:SNDK), a global leader in flash …

SanDisk Corporation to Exhibit at 2015 International CES, Jan 6 – 9, 2015, in Las Vegas NV, US
Mon, 05 Jan 2015 14:28:45 GMT
noodls – MILPITAS, Calif.–(BUSINESS WIRE)–Jan. 5, 2015– Press Kit Materials are Available at: http://www.tradeshownews.com/events/2015-International-CES/SanDisk/ About SanDisk Corporation For more than 25 years, …

SanDisk Introduces New Affordable SSDs That Boost PC, Laptop or Tablet Performance
Mon, 05 Jan 2015 14:28:45 GMT
noodls – SanDisk® SSD Plus and SanDisk Ultra® II mSATA SSD Designed to Bring New Life to Computing Devices LAS VEGAS–(BUSINESS WIRE)–Jan. 5, 2015– SanDisk Corporation (NASDAQ:SNDK), a global leader in flash …

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