SanDisk Corp (SNDK)
Options on the manufacturer of data storage products are popular after analyst upgrades sent shares of the underlying stock. An analyst at UBS upped his share price target on SanDisk to
$55.00 from $50.00, while analysts at Morgan Stanley reiterated their 'overweight' rating on SNDK with a share price target of $49.00.
Options expiring in December are the most active. More than 4,200 calls changed hands at the December $46 strike, surpassing volume represented by previously existing open interest at that strike. Call buyers stand prepared to profit in the event that SanDisk's shares surge 5.05% over the current price of $45.18 to surpass the average breakeven point to the upside at $47.46 by expiration day in December.