Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $107.00 short put and a strike $102.00 long put offers a potential 20.19% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $107.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock dropped below the $102.00 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
2015 Global Economic Outlook: Better Than 2014—but Not By Much
Thu, 06 Nov 2014 08:43:56 GMT
Apple's ‘designer' gold smartwatch to come with a whopping 5,000 dollar price tag
Thu, 06 Nov 2014 08:15:27 GMT
New Apple malware can infect your iPhone or Macbook via USB
Thu, 06 Nov 2014 06:36:00 GMT
Global firms' tax avoidance schemes revealed in leaked documents
Thu, 06 Nov 2014 03:43:57 GMT
Xiaomi To Make $1B This Year; $40B Valuation? Why Not?
Thu, 06 Nov 2014 03:06:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook