Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 35.5% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $1.31 would be kept by the premium seller. The risk of $3.69 would be incurred if the stock dropped below the $92.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Apple is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Apple is bullish.
The RSI indicator is at 54.03 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Apple
Monday's Notable Options Activity
Tue, 19 Aug 2014 11:02:23 GMT
[$$] Apple's New iPhone Could Crack GT's Stock
Tue, 19 Aug 2014 04:17:16 GMT
The Wall Street Journal – GT Advanced Technologies has high targets to hit as it races to get a sapphire production facility ready for Apple—but the stock price assumes a lot already.
Apple-Google Rivalry Moves to Companies as Growth Slows
Tue, 19 Aug 2014 04:01:00 GMT
People might not wait for Apple iWatch after seeing Moto 360
Mon, 18 Aug 2014 22:47:00 GMT
Sapphire screens: The key to Apple's success?
Mon, 18 Aug 2014 22:33:50 GMT
CNBC – A new survey says smartphone customers want to see a sapphire screen and improved battery life in the next iPhone.
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