Sandisk (SNDK) Offering Possible 25.63% Return Over the Next 18 Calendar Days

Sandisk's most recent trend suggests a bearish bias. One trading opportunity on Sandisk is a Bear Call Spread using a strike $103.00 short call and a strike $108.00 long call offers a potential 25.63% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $103.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $3.98 would be incurred if the stock rose above the $108.00 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 73.83 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

Equity markets end lower, though commodity prices staged a huge “squeeze” higher…
Mon, 01 Dec 2014 21:25:18 GMT

Mark Brazeal Appointed as SanDisk’s Chief Legal Officer
Mon, 01 Dec 2014 14:35:52 GMT
noodls – MILPITAS, Calif.–(BUSINESS WIRE)–Dec. 1, 2014– SanDisk Corporation (NASDAQ:SNDK), a global leader in flash memory storage solutions, today announced that it has appointed Mark Brazeal as senior vice …

Mark Brazeal Appointed as SanDisk’s Chief Legal Officer
Mon, 01 Dec 2014 14:17:05 GMT
noodls – MILPITAS, Calif.–(BUSINESS WIRE)–Dec. 1, 2014– SanDisk Corporation (NASDAQ:SNDK), a global leader in flash memory storage solutions, today announced that it has appointed Mark Brazeal as senior vice …

ADDING MULTIMEDIA SanDisk Co-Founder and Retired CEO Receives United States’ Highest Honor for Scientific Achievement and Innovation at White House Ceremony
Mon, 01 Dec 2014 14:17:05 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 …

Mark Brazeal Appointed as SanDisk’s Chief Legal Officer
Mon, 01 Dec 2014 14:00:00 GMT
Business Wire – SanDisk Corporation , a global leader in flash memory storage solutions, today announced that it has appointed Mark Brazeal as senior vice president and chief legal officer.

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