Apple (AAPL) Offering Possible 17.1% Return Over the Next 29 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 17.1% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $1.46 would be kept by the premium seller. The risk of $8.54 would be incurred if the stock dropped below the $145.00 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 62.63 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

[$$] Apple Readies $1 Billion War Chest for Hollywood Programming
Wed, 16 Aug 2017 09:25:22 +0000
Apple has set a budget of roughly $1 billion to procure and produce original content over the next year—a sign of how serious the iPhone maker is about making a splash in Hollywood.

iPhone 8 buzz has rescued Tim Cook’s $90 million bonus
Wed, 16 Aug 2017 09:01:11 +0000
The size of Tim Cook’s bonus was in peril earlier this year. Then the stock price soared.

These 5 Techs Are Near Buy Points In This Classic Bullish Pattern
Wed, 16 Aug 2017 04:39:48 +0000
Tesla now has a proper handle, joining Applied Materials, Texas Instruments another top techs with the cup-with-handle pattern.

Apple Gets Tough in Hong Kong Ahead of iPhone Release
Wed, 16 Aug 2017 04:30:00 +0000
Apple (AAPL) is taking a hard line against Hong Kong's scalpers, unveiling a new strict policy on refunds and exchanges ahead of the launch of its latest iPhone. The South China Morning Post has the details on how the new policy is aimed at undermining the business of street vendors – typically located near Apple stores – who get their hands on new products and then sell to buyers unable to secure the latest Apple product: In a note on Apple’s online store in Hong Kong, the company announced that it will not “accept return for online orders placed on, and after August 15th, 2017.” Apple’s online stores in mainland China still offer customers both free delivery, and return services.

Apple Watch's New Fitness Regime Could Be Highlighted by Deal With Aetna
Wed, 16 Aug 2017 02:50:00 +0000
Health and fitness apps could push the Apple Watch back to the top in wearables.

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