Apple (AAPL) Offering Possible 10.38% 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 $150.00 short put and a strike $140.00 long put offers a potential 10.38% 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 $150.00 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $9.06 would be incurred if the stock dropped below the $140.00 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

Tech Stocks from Briefing.com
Wed, 17 May 2017 09:00:19 +0000
Tech Stocks from Briefing.com

Apple marketing dual-tranche euro benchmark
Wed, 17 May 2017 08:20:05 +0000
By Laura Benitez LONDON, May 17 – Apple Inc is marketing a dual-tranche euro-denominated senior unsecured benchmark bond, according to a lead bank. Initial price thoughts for an eight-year maturity are …

Tech Today: AMD's New Chip, IBM's New Love, Apple's New Targets, Google's Next VR
Wed, 17 May 2017 05:17:00 +0000
Here are some things going on today in your world of tech: IBM (IBM) stock closed up 2.17, or 1.4%, at $153.68, after Morgan Stanley analyst Katy Huberty told investors not to worry about Warren Buffett's recent statements that he is unwinding his position in the stock. To Huberty, IBM’s transformation into a new a cloud company is proceeding, which means it’s just not the kind of boring dividend payer that Buffett was interested in. Shares of chip maker Advanced Micro Devices (AMD) declined 42 cents, or 3%, to $12.33, in late trading, as the company’s chief executive, Lisa Su, and her team discussed forthcoming products at their analyst day meeting with Wall Street.

Apple iOS 10.3.2: Should You Upgrade?
Wed, 17 May 2017 01:00:00 +0000
Apple iOS 10.3.2 is here and it bring important updates, but should you upgrade?

Report: Apple Inc. Prepping MacBook Updates for WWDC
Tue, 16 May 2017 23:30:00 +0000
Three of Apple's portable Mac products are reportedly getting upgrades next month.

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