SanDisk Corp Options
An options play examined
Written by Douglas Estadt
- Shorted Mar. 19: 31/32 calls
- Shorted the 31 call and bought the 32 (this way he’ll reduce risk significantly)
- Sold the call @ .60 and bought the 32 call at .37
thinks that it’s not going to go too much further up and at the same time is giving
himself another 5-6 % of room. This
will pay 30% as long as SNDK closes below 31 on March expiry.
- Bought Mar. 26 puts at .37 (with the puts he is genuinely shorting the stock)
To hear more about Ash on SNDK view the video below
have some of your risk capital autotraded for you on Covestor Investment
Management, see my model here.
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The solid report comes a month after the retailer closed all of its Canadian operations.
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