Sandisk (SNDK) Offering Possible 9.65% Return Over the Next 19 Calendar Days

Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 9.65% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.44 would be kept by the premium seller. The risk of $4.56 would be incurred if the stock dropped below the $87.50 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 75.41 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

Tegile Extends Leadership Position in Hybrid and All-Flash Marketplaces with Introduction of Third-Generation Storage Systems
Tue, 03 Jun 2014 12:35:00 GMT
PR Newswire – NEWARK, Calif., June 3, 2014 /PRNewswire/ — Tegile Systems, the leading provider of flash-driven storage arrays for databases, virtualized server and virtual desktop environments, today introduced the two latest entries into its award-winning product line that perfectly balance data management, performance and economics – the T3400, which provides a flexible amount of high-density flash solid state drives (SSDs) and metadata-accelerated high-density hard disk drive (HDD) storage; The Tegile T3800 features high-density enterprise flash SSDs designed to support mission-critical applications that require extremely high performance at low latency for extended periods of time. Issues that customers typically have with all-flash storage systems are expensive price per gigabyte, short-lived components and lack of density comparative to hard-disk drive systems have been rendered obsolete with the introduction of the T3800. In a typical mixed-application environment, Tegile achieves a 5X data reduction to realize a $1/GB street price. The array's 10PB per drive endurance allows Tegile to offer an industry-best seven-year warranty without the need for periodic wholesale system upgrades. At 55 effective terabytes (TBs) per U, the T3800 goes well beyond traditional HDD-based array density.

SanDisk Unveils SanDisk Extreme PRO® SSD—Delivering Consistent, Real-World Performance for a Superior Gaming Experience
Tue, 03 Jun 2014 04:00:00 GMT
Business Wire – TAIPEI, Taiwan–(BUSINESSWIRE)– COMPUTEX 2014 — SanDisk Corporation (NASDAQ: SNDK ), a global leader in flash storage solutions, today announced the availability of its new SanDisk Extreme PRO ® SSD—a …

SanDisk Unveils SanDisk Extreme PRO® SSD—Delivering Consistent, Real-World Performance for a Superior Gaming Experience
Tue, 03 Jun 2014 04:00:00 GMT
Business Wire – COMPUTEX 2014 — SanDisk Corporation , a global leader in flash storage solutions, today announced the availability of its new SanDisk Extreme PRO® SSD—a drive designed for gamers, PC enthusiasts and media professionals who demand the highest possible consistent, real-world performance1. With sequential read speeds of 550 megabytes/second and write speeds of up to 520 MB/s, the SanDisk Extreme PRO loads …

SanDisk And Toshiba To Produce 3-D Chips
Mon, 02 Jun 2014 20:35:46 GMT

Updated Research Report on SanDisk Corp.
Mon, 02 Jun 2014 17:30:09 GMT

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