Western Digital (WDC) Offering Possible 49.25% Return Over the Next 15 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 $75.00 short put and a strike $70.00 long put offers a potential 49.25% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock dropped below the $70.00 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 62.56 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

There Are Reasons To Feel Uneasy About Western Digital's (NASDAQ:WDC) Returns On Capital
Mon, 31 May 2021 13:34:00 +0000
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an…

Western Digital Amps up Its WD_BLACK Gaming Portfolio With Three New SSD Solutions
Wed, 26 May 2021 16:01:00 +0000
Today at its Flash Perspective event, Western Digital Corp. (NASDAQ: WDC) unveiled three new SSDs for its WD_BLACK™ portfolio of products, providing gamers around the world with fast, high-performance storage solutions to upgrade their PC and next-gen console gaming experience.

Western Digital Debuts SanDisk Professional Brand
Wed, 26 May 2021 16:00:00 +0000
Western Digital Debuts SanDisk Professional Brand

Western Digital’s New Embedded Flash Platform Provides Essential Foundation for the Next Wave of Smart, Connected Mobile Technologies
Wed, 26 May 2021 16:00:00 +0000
Western Digital Corp. announced its new embedded flash platform for Universal Flash Storage (UFS) 3.1 to enable mobile, automotive and IoT industries.

Western Digital, Percona Join Forces to Extend the Zoned Storage Ecosystem, Targeting Popular MySQL Open-Source Transactional Database
Wed, 26 May 2021 16:00:00 +0000
Western Digital Corp. and Percona join to unlock support for ZNS SSDs in Percona servers with MySQL, the popular open-source transactional database.

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