Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $595.00 short put and a strike $585.00 long put offers a potential 52.67% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $595.00 by expiration. The full premium credit of $3.45 would be kept by the premium seller. The risk of $6.55 would be incurred if the stock dropped below the $585.00 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 above 80 which suggests that the stock is in overbought territory.
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
The Investing ‘Shift'
Tue, 06 May 2014 13:30:00 GMT
Forbes – I am a baseball fan. I came of age during the waning days of the Mickey Mantle era. These guys were tough. Mickey Mantle, a nearly flawless player, was hampered by so many injuries from playing and partying so hard that he hit the field taped from neck to toes. […]
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Tue, 06 May 2014 13:23:01 GMT
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Tue, 06 May 2014 13:22:12 GMT
Angela Ahrendts gets sizzling $68 million welcome at Apple. Too much?
Tue, 06 May 2014 13:14:00 GMT
AthenaHealth tumbles; Office Depot soars on outlook; Apple crosses $600 mark
Tue, 06 May 2014 13:06:19 GMT
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