Apple (AAPL) Offering Possible 13.12% Return Over the Next 8 Calendar Days

Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $155.00 short call and a strike $160.00 long call offers a potential 13.12% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $155.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock rose above the $160.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Apple is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Apple is bearish.

The RSI indicator is at 38.91 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 Apple

Apple 'cuts iPhone production' as it pledges to focus on healthcare services
Wed, 09 Jan 2019 10:40:02 +0000
Apple has reportedly cut production volumes for its iPhones by 10pc for the first three months of 2019 as it focused on healthcare-related services.

Donald Trump, Trade Talks, Apple, FOMC and J.C. Penney – 5 Things You Must Know
Wed, 09 Jan 2019 10:39:00 +0000
U.S. stock futures rose on Wednesday, Jan. 9, and global stocks extended gains as investors continued to drive equities higher amid further signs of progress in U.S.-China trade talks. Officials from the office of U.S. Trade Representative Robert Lighthizer added a third day to this week's face-to-face talks in Beijing. Extending the talks to a third day showed both sides were “serious,” said China's Foreign Ministry.

Is Apple Now a Value Buy? Warren Buffett Thinks So
Wed, 09 Jan 2019 10:06:05 +0000
What should you do about the Apple stock drop?

Apple CEO Cook Says XR Is ‘Most Popular' iPhone Amid New Production Cut Report
Wed, 09 Jan 2019 09:30:00 +0000
shares edged higher in pre-market trading Wednesday as CEO Tim Cook insisted the iPhone XR remains its most popular product even as reports suggest the tech giant will slash production for new models this quarter amid slowing demand. The Nikkei Asian Review said Wednesday that Apple has asked suppliers to cut production for the iPhone XS and the XS Max, as well as the iPhone XR, by around 10% for the three months ending in March, a reduction it said would take overall iPhone production to between 40 million and 43 million units for Apple's fiscal second quarter.

Qualcomm calls Apple CEO's settlement talk comment ‘misleading'
Wed, 09 Jan 2019 07:33:09 +0000
The two companies are disputing comments their CEOs have made over settlement talks: Apple's chief on Tuesday said any talks ended in September 2018. In November, Qualcomm's Chief Executive Steve Mollenkopf made comments about the supplier's efforts to resolve the dispute. Qualcomm on Tuesday said Cook miscast Mollenkopf's remarks, which did not mention a settlement and which Qualcomm maintains are accurate.

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