A Quick Double in SanDisk Corp. (SNDK) Using OptionHakcer

SanDisk Corp. (SNDK) is a California based data and media storage solutions provider. At the time of this post (9:30AM CST), SNDK is currently trading at 81.10, up 3.91% on the day. The stock is currently still trading well within the lower portion of its 52 week trading range of 73.03-108.77, but today’s early sharp move higher represents a significant push through the 81.00 resistance level on a daily chart.

Even with the stock trading well below the cloud traders put on some very bullish positions in SNDK today. Earlier today a trader bought 2,500 on the SNDK Mar 6th Weekly 79 Calls for $1.15. These calls hit OptionHacker around 8:51 CT and the stock ripped to session highs right after the order hit. These calls soared higher with the stock and have already traded as high as $2.89 making this an absolute blowout winner.

If a trader bought a 20 lot of these calls they would have profited $3,480 at the highs. Even though the broader market is flat today unusual options activity is still able to provide opportunities like this.

Trade: A trader bought 2,500 on the SNDK Mar 6th Weekly 79 Calls for $1.15
Risk: $115 per 1 lot
Reward: Unlimited
Breakeven: $80.15

Regards,
Andrew Keene
President/Founder KeeneOnTheMarket.com

Submit a Comment

Your email address will not be published.

Get Our Free Daily Trading Videos

Delivered To your Inbox

By submitting your information you agree to our Terms of Service and our Privacy Policy