SanDisk Corporation
Option Trade Blog

Chart 1: SanDisk Corporation Yearly Chart

Chart 2: Quarterly Chart

Charts courtesy of StockCharts.com

Title: SanDisk Corporation Option Trade Blog

Business Description: Business Nature - SanDisk Corp engages in the design, development, and market of flash storage card products used in various consumer electronics. Its products include flash cards, Universal Serial Bus, flash drives, and digital audio players. The company sells its products to original equipment manufacturers, retailers, and distributors. Geographical operations: Worldwide

Symbol:   SNDK

Option Symbol:   SWFPK

Option Description:   Type: Put,   Expiration: Apr,   Strike Price: 55    

Reason for Initiation:   Up-trending, up by about 120% in 1 year (peak at about 190% in Jan 06).

Action:   Short Put (equivalent to Long Stock)

Details:  Sold to open position on 24th Mar 06, Closed position on 29th Mar 06.

Result:   Square

Reason for Closing:   No immediate follow-through of price action after initiation of position.

Comments:
* Good initiation. Initiate Put Position at Fractal Buy - increasing +ve price momentum. 
* Price dip on 28 Mar.
* Decide to get out with a square trade.
* Conclusion: Good Trade.
* Action Plan: Ready stance for next good entry opportunity.

Please Read Disclaimer