Sandisk (SNDK) Offering Possible 26.9% Return Over the Next 25 Calendar Days

Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 26.9% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $3.94 would be incurred if the stock dropped below the $72.50 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 66.18 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

One of the biggest Nasdaq stocks looks vulnerable
Tue, 25 Mar 2014 19:29:38 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/TZcQG0iHoIMdPDpg8BjrSg–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@567a4929-bbcb-34e7-a741-b586b1e3549c_FULL.jpg

SanDisk To Benefit From VMware Certification As Software-Defined Storage Gains Traction
Mon, 24 Mar 2014 19:44:51 GMT
Seeking Alpha – SanDisk Corporation ( SNDK ), widely recognized for its removable flash storage products, has switched its focus towards developing enterprise-class flash storage products. This comes as a result of increasing …

SanDisk: Offering Growth At A Reasonable Price
Mon, 24 Mar 2014 15:58:15 GMT
Seeking Alpha – SanDisk ( SNDK ) designs, develops, and manufactures diversified data storage products using flash memory, controller, firmware, and software technologies. Its products include SSDs, embedded products, …

Are Chip Stocks Becoming The Market's Next Leaders?
Fri, 21 Mar 2014 21:18:00 GMT

SanDisk boosts storage tech offerings
Fri, 21 Mar 2014 19:07:59 GMT
CNBC – SanDisk is aiming to take it up a notch with its new Clip Sport MP3 player, 128 GB microSD card and Ultra Dual USB Drive.

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