Sandisk (SNDK) Offering Possible 27.55% Return Over the Next 26 Calendar Days

Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 27.55% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $3.92 would be incurred if the stock dropped below the $92.50 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 74.37 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 Introduces New Solutions for VMware Horizon 6 and Virtual SAN at VMworld® 2014
Tue, 26 Aug 2014 07:01:00 GMT
Business Wire – SanDisk Corporation , a global leader in flash storage solutions, today announced broad support for VMware® Horizon 6 and Virtual SAN™ with a series of virtual desktop

SANDISK CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Fri, 22 Aug 2014 10:00:49 GMT

Linux Foundation Welcomes Newest Members From Semiconductor and Storage Industry
Wed, 20 Aug 2014 14:00:00 GMT
Marketwired – – The Linux Foundation, the nonprofit organization dedicated to accelerating the growth of Linux and collaborative development, today announced that Adapteva, GitHub, SanDisk, Seagate and Western Digital …

How Will SanDisk (SNDK) Stock Respond To New Hard Drive Targeting PC Owners?
Tue, 19 Aug 2014 15:17:00 GMT
TheStreet – Shares of SanDisk (SNDK) are up after the flash storage solutions company today announced the new SanDisk Ultra® II SSD with enhanced SSD Dashboard.

SanDisk Unveils New SanDisk Ultra II SSD—An Easy, Cost-Effective Solution to Supercharge Your PC
Tue, 19 Aug 2014 14:11:57 GMT
noodls – … This is an abstract of the original noodl. To continue reading this document, click here for the original version.

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