Sandisk (SNDK) Offering Possible 22.25% Return Over the Next 31 Calendar Days

Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 22.25% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.91 would be kept by the premium seller. The risk of $4.09 would be incurred if the stock dropped below the $90.00 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 72.8 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 Expands its Commitment to the ‘Connected Device’ Market with a Strategic Investment in Altair Semiconductor
Wed, 19 Nov 2014 13:11:29 GMT
noodls – SanDisk Ventures Invests in the Leading Developer of High-Performance, Single-Mode LTE Chipsets MILPITAS, Calif.–(BUSINESS WIRE)–Nov. 19, 2014– SanDisk Corporation (NASDAQ:SNDK), a global leader in …

SanDisk Expands its Commitment to the ‘Connected Device’ Market with a Strategic Investment in Altair Semiconductor
Wed, 19 Nov 2014 13:00:00 GMT
Business Wire – SanDisk Corporation , a global leader in flash storage solutions, today announced that the company’s venture arm, SanDisk Ventures, has invested in Altair Semiconductor, the leading developer of high-performance, single-mode LTE chipsets.

Engadget giveaway: win an iPad Air 2 and iXpand drive courtesy of SanDisk!
Tue, 18 Nov 2014 16:00:00 GMT

UPDATE: BTIG Initiates Coverage On SanDisk
Tue, 18 Nov 2014 13:53:53 GMT

Coverage initiated on SanDisk by BTIG Research
Tue, 18 Nov 2014 13:17:10 GMT

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