Sandisk (SNDK) Offering Possible 35.14% Return Over the Next 33 Calendar Days

Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $82.50 short put and a strike $77.50 long put offers a potential 35.14% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock dropped below the $77.50 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 25.74 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 Conference Call Highlights
Fri, 17 Oct 2014 20:15:53 GMT
Benzinga – SanDisk Corporation (NASDAQ: SNDK ) reported its third quarter earnings. Shares of the company are 3 percent. Below are some key highlights from its conference call. • We expect our enterprise SSD revenue …

Analyst chip picks
Fri, 17 Oct 2014 17:40:00 GMT

SanDisk EPS Falls As Costs Rise; Tepid On Q4
Fri, 17 Oct 2014 16:08:00 GMT

SanDisk's 2015 game plan
Fri, 17 Oct 2014 15:20:00 GMT

Credit Suisse Lowers Price Target On SanDisk Corporation
Fri, 17 Oct 2014 13:35:19 GMT
Benzinga – In a note released Friday, Credit Suisse analyst John Pitzer lowered his price target for SanDisk Corporation (NASDAQ: SNDK ) from $125 to $105 and maintained an Outperform rating on the stock. Pitzer …

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