Apache (APA) Offering Possible 35.87% Return Over the Next 31 Calendar Days

Apache's most recent trend suggests a bullish bias. One trading opportunity on Apache is a Bull Put Spread using a strike $73.00 short put and a strike $68.00 long put offers a potential 35.87% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $73.00 by expiration. The full premium credit of $1.32 would be kept by the premium seller. The risk of $3.68 would be incurred if the stock dropped below the $68.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Apache 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 Apache is bullish.

The RSI indicator is below 20 which suggests that the stock is in oversold 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 Apache

Dicker: With Low Oil Prices, Which Companies Should You Buy?
Wed, 22 Oct 2014 17:38:00 GMT

Rival Aussie Billionaires Circle Apache's Australian Oil Interests
Wed, 22 Oct 2014 10:52:00 GMT

Exxon-Apache Pair Trade Poised for 11-Year High
Fri, 17 Oct 2014 09:01:03 GMT

Despite washout, hedge funds not bailing on energy
Wed, 15 Oct 2014 19:50:03 GMT

APACHE CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Wed, 15 Oct 2014 10:00:12 GMT

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