Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 12.99% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $8.85 would be incurred if the stock dropped below the $100.00 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
Samsung Electronics To Streamline Smartphone Portfolio
Tue, 18 Nov 2014 05:04:00 GMT
Apple releases iOS 8.1.1 to speed up old devices
Tue, 18 Nov 2014 04:27:08 GMT
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Tue, 18 Nov 2014 03:47:26 GMT
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Mon, 17 Nov 2014 23:56:22 GMT
Bloomberg – Nov. 17 (Bloomberg) — On today’s “The Roundup,” Bloomberg's Matt Miller, Alex Barinka Douglas Lavanture and Pimm Fox break down some of the day’s top market stories on “Street Smart.” (Source: Bloomberg)…
Execs to testify on banks' commodities holdings
Mon, 17 Nov 2014 23:38:22 GMT
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