Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $212.50 short put and a strike $207.50 long put offers a potential 32.63% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $212.50 by expiration. The full premium credit of $1.23 would be kept by the premium seller. The risk of $3.77 would be incurred if the stock dropped below the $207.50 long put 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 up which suggests that the medium-term momentum for Apple is bullish.
The RSI indicator is at 68.87 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
Murder of Didi passenger prompts China clampdown, outrage
Mon, 27 Aug 2018 09:20:45 +0000
China pledged on Monday to tighten oversight of its transport industry and warned that the country did not need ride-hailing firms which compromised on passenger safety, days after a Didi Chuxing passenger was raped and murdered by her driver. The killing of a 20-year-old passenger who rode in the Didi vehicle on Friday in the eastern city of Wenzhou is the second such incident since May, denting the image of the Beijing-based company, which is the world's largest ride-hailing firm by number of rides and is expanding globally. The latest grisly episode triggered severe criticism of Didi on social media and prompted regulators to warn of industry-wide action.
Apple to Embrace iPhone X Design With New Colors, Bigger Screens
Mon, 27 Aug 2018 09:00:00 +0000
Apple Inc. is not only doubling down on the iPhone X, it’s tripling down.
[$$] App Tax a Hard One to Beat
Mon, 27 Aug 2018 01:21:48 +0000
Apple Inc. can live without the “tax” it imposes on Netflix. Netflix is reportedly developing a system that would direct new users to sign up for the streaming company’s subscriptions outside of its apps that run on Apple devices. This would spare Netflix the need to pay the commission Apple has levied on such transactions over its devices—typically 30%.
Goldman Cashes In on Passive-Investing Boom With Big 4 P.M. Trade
Sun, 26 Aug 2018 17:22:00 +0000
In lower Manhattan, the New York Stock Exchange’s bell rings at 4 p.m. ET each trading day, signaling a giant auction that determines the closing prices for thousands of stocks. Goldman leads a pack of investment banks that are elbowing into the crucial exchange business of end-of-day trading. The share of closing-price trades executed outside of exchanges, by broker-dealers like Goldman, doubled from mid-2015 through the end of last year, from 16% to 32%, according to data from Virtu Financial Inc., a major electronic trading firm in U.S. stocks.
Tech companies are spending millions to secure and transport their top execs
Sun, 26 Aug 2018 14:30:00 +0000
Facebook just increased the amount it plans to spend on CEO Mark Zuckerberg's security. Tech executives have a higher profile than ever before, whether it's Amazon's Jeff Bezos becoming the world's richest person and simultaneously a favorite punching bag of President Donald Trump or Facebook's Mark Zuckerberg being called to testify before congress about abuse of his company's platform by foreign actors.
Related Posts
Also on Market Tamer…
Follow Us on Facebook