Apache (APA) Offering Possible 42.86% Return Over the Next 10 Calendar Days

Apache's most recent trend suggests a bullish bias. One trading opportunity on Apache is a Bull Put Spread using a strike $63.50 short put and a strike $58.50 long put offers a potential 42.86% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $63.50 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock dropped below the $58.50 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 at 76.79 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 Apache

Bill Nygren and David Herro's Oakmark Global Select Fund 3rd Quarter Commentary
Mon, 10 Oct 2016 19:31:44 GMT

Mindset Shifts Take Time
Sun, 09 Oct 2016 19:30:55 GMT

This Game Changer Fueled Apache Corporation's 28.3% Surge in September
Fri, 07 Oct 2016 15:15:52 GMT

Apache’s Volatility Has Fallen since January 2016
Wed, 05 Oct 2016 12:04:09 GMT

What’s behind Apache’s Stock Performance?
Tue, 04 Oct 2016 15:04:09 GMT

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