Sandisk (SNDK) Offering Possible 39.95% Return Over the Next 15 Calendar Days

Sandisk's most recent trend suggests a bearish bias. One trading opportunity on Sandisk is a Bear Call Spread using a strike $97.50 short call and a strike $103.00 long call offers a potential 39.95% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $1.57 would be kept by the premium seller. The risk of $3.93 would be incurred if the stock rose above the $103.00 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 46.42 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

Samsung: To Build $15B Chip Plant, Good Enough For Investors?
Mon, 06 Oct 2014 06:13:00 GMT
Barrons.com – Samsung Electronics (005930.KS/SSNGY) said it would spend 15.6 trillion won ($15 billion) to build a chip plant in South Korea. Samsung will start the construction in the first half of next year, with …

SANDISK SETS OCTOBER 16 TO DISCUSS THIRD QUARTER 2014 FINANCIAL RESULTS
Fri, 03 Oct 2014 13:01:03 GMT
Thomson Reuters ONE – Investor Contacts: Jay Iyer, 408-801-2067 Jay.Iyer@sandisk.com Media Contact: Michael Diamond, 408-801-1108 Michael.Diamond@sandisk.com SANDISK SETS OCTOBER 16 TO DISCUSS THIRD QUARTER 2014 FINANCIAL …

SanDisk Introduces Its SanDisk Tech Assisted Refresh (STAR) for Corporate Environments
Tue, 30 Sep 2014 12:55:00 GMT
Business Wire – SanDisk Corporation , a global leader in flash storage solutions, today announced its SanDisk Tech Assist Refresh program for the company’s X-series line of client SSDs.

SanDisk Introduces High-Performance, Low-Power Solid State Drive for Corporate Environments
Tue, 30 Sep 2014 12:00:00 GMT
Business Wire – SanDisk Corporation , a global leader in flash storage solutions, today announced the availability of the SanDisk® X300 SSD. The SanDisk X300 SSD leverages the latest advancements in X3 technology to deliver a great user experience with high-performance, while utilizing robust error-correction to increase reliability and provide peace of mind for today’s CIOs.

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