Sandisk (SNDK) Offering Possible 23.46% Return Over the Next 36 Calendar Days

Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 23.46% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $82.50 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 74.76 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 Investor's Day Presentations – The Best Makes The Case For Even Better
Fri, 16 May 2014 19:37:07 GMT
Seeking Alpha – It will hardly be a surprise to SA readers of my previous post on SanDisk ( SNDK ) when I say that I was eagerly looking forward to their annual investor's day presentation. The day did not disappoint. …

Which Is the Better Buy: SanDisk or Micron Technology?
Thu, 15 May 2014 21:34:20 GMT
Motley Fool – Both companies' shares are flying high. Which one should investors buy?

SanDisk Unveils X300sSSD, Partners Wave Systems
Thu, 15 May 2014 21:30:04 GMT

At an All-Time High, Is SanDisk Corporation Worth the Price?
Thu, 15 May 2014 15:32:02 GMT
Motley Fool – SanDisk is trading at an all-time high, but the market may offer better value elsewhere.

SanDisk management to meet with Sterne Agee
Thu, 15 May 2014 13:59:07 GMT
theflyonthewall.com – SanDisk management to meet with Sterne Agee

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