Sandisk (SNDK) Offering Possible 28.21% Return Over the Next 16 Calendar Days

Sandisk's most recent trend suggests a bearish bias. One trading opportunity on Sandisk is a Bear Call Spread using a strike $80.00 short call and a strike $85.00 long call offers a potential 28.21% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock rose above the $85.00 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 50.15 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 Moves Up The Value Chain–Introduces An All-Flash Storage Appliance
Tue, 03 Mar 2015 20:17:00 GMT
Forbes – SanDisk is best known for two things: firstly for making all those SD cards and USB keys that we consumers use and secondly for being a manufacturer of raw flash storage that other companies then build into storage platforms. Indeed just last week Solidfire announced a new all-flash storage appliance

SanDisk Targets Price Barrier With New Storage System
Tue, 03 Mar 2015 19:28:09 GMT
The Wall Street Journal – SanDisk is unveiling ‘Infiniflash,’ which offers substantially greater capacity than other flash-based hardware on the market at a price designed to attract attention.

Tesla and SanDisk among Nasdaq 100 laggards
Tue, 03 Mar 2015 18:02:00 GMT

SanDisk Creates New Storage Category With InfiniFlash™ All-Flash Storage System
Tue, 03 Mar 2015 17:37:52 GMT
noodls – New Industry-leading System Brings Massive Capacity and Breakthrough Price Economics for Big Data Workloads in Hyperscale and Enterprise Markets MILPITAS, Calif.–(BUSINESS WIRE)–Mar. 3, 2015– SanDisk …

SanDisk Unveils 200GB microSD Card & 64GB iNAND Device – Analyst Blog
Tue, 03 Mar 2015 17:30:05 GMT

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