Sandisk (SNDK) Offering Possible 34.41% Return Over the Next 38 Calendar Days

Sandisk's most recent trend suggests a bearish bias. One trading opportunity on Sandisk is a Bear Call Spread using a strike $87.50 short call and a strike $92.50 long call offers a potential 34.41% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $87.50 by expiration. The full premium credit of $1.28 would be kept by the premium seller. The risk of $3.72 would be incurred if the stock rose above the $92.50 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 26.88 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 Rising: Nomura Sees Fusion-io Adding to Profit in 2015
Tue, 14 Oct 2014 16:51:00 GMT
Barrons.com – Nomura Equity Research's Romit Shah today reiterates a Neutral rating on shares of SanDisk (SNDK), writing that its acquisition of enterprise storage vendor Fusion-io, announced in June, will add to profit margin next year, but that the stock is probably fairly valued at the current level. Initially, the deal is dilutive to SanDisk's profit, as the company has acknowledged. Fusion-io will probably reduce SanDisk's EPS from $5.90 this year to perhaps $5.66. We believe Fusion IO acquisition will drive SanDisk’s mix shift toward enterprise SSDs, which have higher gross margins (~60-70%).

Deutsche Bank Sees Solid 3Q For SanDisk Corporation
Tue, 14 Oct 2014 15:07:02 GMT

Podcast: How to Trade the Financials During Earnings Season
Mon, 13 Oct 2014 21:13:00 GMT

Chip picks: SanDisk, F5 & more
Mon, 13 Oct 2014 16:18:00 GMT

Will SanDisk Corp. (SNDK) Miss Q3 Earnings Estimates?
Mon, 13 Oct 2014 15:20:02 GMT
Zacks – SanDisk Corp. (SNDK) is set to report third-quarter fiscal 2014 results on Oct 16.

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