Western Digital (WDC) Offering Possible 12.11% Return Over the Next 29 Calendar Days

Western Digital's most recent trend suggests a bullish bias. One trading opportunity on Western Digital is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 12.11% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock dropped below the $92.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Western Digital 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 Western Digital is bullish.

The RSI indicator is at 53.88 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 Western Digital

Putting Kensho to work
Thu, 20 Nov 2014 17:50:00 GMT

Two pros find global value
Mon, 17 Nov 2014 18:37:00 GMT

Puts are bullish on Western Digital
Fri, 14 Nov 2014 11:16:35 GMT
optionMONSTER – Western Digital is pausing after a quick run, and one investor apparently thinks that it's on solid ground. optionMONSTER's tracking systems detected the sale of about 3,100 December 95 puts for $1.73 …

WESTERN DIGITAL CORP Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Financial Statement
Thu, 13 Nov 2014 17:05:37 GMT

WESTERN DIGITAL CORP Financials
Tue, 11 Nov 2014 18:04:22 GMT

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