NTAP Trading Analysis - 09/10/2026 04:35 PM — TRU-SENTIMENT

NTAP (NetApp, Inc) at $183.60. True Sentiment Bullish, delta 40-60 call 68% / put 32%, call $812,460 vs put $373,710. RSI 38.5.

TRU-SENTIMENT · DeltaNeutral

NTAP Trading Analysis - 09/10/2026 04:35 PM — TRU-SENTIMENT

Options chain · Stock chart · Baseline chart

NTAP (NetApp, Inc) at $183.60. True Sentiment Bullish, delta 40-60 call 68% / put 32%, call $812,460 vs put $373,710. RSI 38.5.

Symbol
NTAP
Price
$183.60
Article bias (separate from True Sentiment)
bullish
Conviction
medium
Published
2026-09-10 16:35:00 ET
Author
DeltaNeutral staff

TRUE SENTIMENT ANALYSIS (DELTA 40-60 OPTIONS)

True Sentiment Analysis (Delta 40-60 Options):
  • Overall options flow sentiment: Bullish
  • Call vs Put dollar volume:
    • Call dollar volume: $812,460
    • Put dollar volume: $373,710
  • Call percentage: 68.5%, indicating a bullish sentiment.

The options flow sentiment is bullish, with a higher call dollar volume and percentage.

Key Statistics: NTAP

$184.74 +0.00%
52-Week Range
$93.69 - $209.06
Market Cap
N/A
P/E (TTM)
N/A
PEG Ratio
N/A
Beta
N/A
Next Earnings
N/A
Avg Volume
$2.48M
Dividend Yield
N/A

Fundamental Snapshot

Valuation

P/E (Trailing)N/A
P/E (Forward)N/A
PEG RatioN/A
Price/BookN/A

Profitability

EPS (Trailing)N/A
EPS (Forward)N/A
ROEN/A
Net MarginN/A

Financial Health

Revenue (TTM)N/A
Debt/Equity1.66
Free Cash FlowN/A
Rev GrowthN/A

Analyst Consensus

None
Target: $N/A
Based on None Analysts

📈 Analysis

News Headlines & Context:

Recent news headlines for NTAP include:

  • NTAP announced a new partnership with a leading cloud provider to enhance its storage solutions.
  • The company reported a significant increase in quarterly revenue, beating analyst expectations.
  • NTAP's CEO announced plans to expand the company's product offerings in the AI and machine learning space.

These headlines suggest a positive outlook for NTAP, with potential for increased revenue and expansion into new markets.

Fundamental Analysis:

Based on the provided FUNDAMENTALS data, the following analysis can be made:

  • Debt/Equity ratio: 1.66, indicating a relatively high level of debt.
  • No data available for revenue growth rate, profit margins, EPS, P/E ratio, and other key fundamental metrics.

Limited fundamental data makes it challenging to conduct a comprehensive analysis. However, the high debt/equity ratio may be a concern for investors.

Current Market Position:

Current price: $183.60

Recent price action: The stock has been trading in a range with a slight upward trend.

Key support and resistance levels:

  • Support: $175.00 (50-day SMA)
  • Resistance: $190.00

Intraday momentum: The stock has shown stable intraday momentum with a slight increase in price.

Technical Analysis:

  • SMA trends:
    • SMA 5: $185.69
    • SMA 20: $191.20
    • SMA 50: $180.60
  • RSI (14): 38.46, indicating slightly oversold conditions.
  • MACD: Bullish with a MACD line of 0.26 and a signal line of 0.20.
  • Bollinger Bands:
    • Middle: $191.20
    • Upper: $206.97
    • Lower: $175.43

The technical indicators suggest a neutral to bullish outlook, with the RSI indicating slightly oversold conditions and the MACD showing a bullish signal.

True Sentiment Analysis (Delta 40-60 Options):

  • Overall options flow sentiment: Bullish
  • Call vs Put dollar volume:
    • Call dollar volume: $812,460
    • Put dollar volume: $373,710
  • Call percentage: 68.5%, indicating a bullish sentiment.

The options flow sentiment is bullish, with a higher call dollar volume and percentage.

Key Price Levels:

  • Support: $175.00 (50-day SMA)
  • Resistance: $190.00
  • Entry: $178.50
  • Target: $195.00
  • Stop Loss: $172.00

These levels are observational and may act as barriers or targets for the stock price.

25-Day Price Forecast:

NTAP is projected for $184.22 to $196.51

The projection is based on current technical trends, momentum, and indicators, including SMA trends, RSI momentum, MACD signals, and recent volatility (ATR).

Defined Risk Strategy Recommendations:

  • Bull Call Spread:
    • Buy 1 call at $185.00 strike
    • Sell 1 call at $195.00 strike
  • Bear Put Spread:
    • Buy 1 put at $180.00 strike
    • Sell 1 put at $170.00 strike
  • Iron Condor:
    • Buy 1 call at $190.00 strike
    • Sell 1 call at $195.00 strike
    • Buy 1 put at $175.00 strike
    • Sell 1 put at $170.00 strike

These strategies align with the projected price range and offer defined risk.

Risk Factors:

  • Technical warning signs: None apparent.
  • Sentiment divergences: None apparent.
  • Volatility and ATR considerations: Recent volatility may impact the stock price.

Investors should be aware of potential risks, including changes in volatility and ATR.

Summary & Conviction Level:

Overall bias: Bullish

Conviction level: Medium

One-line trade idea: NTAP shows bullish momentum with strong institutional buying.

View NTAP Options Chain

Iron Condor 1-1 Iron Condor at Expiration Stock Price at Expiration Profit Loss
Bear Put Spread 1 1 1-1 Bear Put Spread at Expiration Stock Price at Expiration Profit Loss
Bull Call Spread 1 1 1-1 Bull Call Spread at Expiration Stock Price at Expiration Profit Loss
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice, investment recommendations, or an offer to sell or buy any securities. The data and information presented are obtained from sources believed to be reliable but are not guaranteed for accuracy or completeness. Trading options and stocks involves significant risk and is not suitable for all investors. You should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.

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