Apple (AAPL) Offering Possible 33.33% Return Over the Next 15 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $187.50 short put and a strike $182.50 long put offers a potential 33.33% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $187.50 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock dropped below the $182.50 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 at 67.27 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, luxury brands drop China prices as VAT cuts take effect
Tue, 02 Apr 2019 07:44:02 +0000
Apple Inc and other consumer brands lowered prices for their products in China on Monday as a cut in the country's value-added tax (VAT) rate came into effect from April 1. Price tags for products listed on Apple's China website were lowered on Monday morning, including a discount of up to 500 yuan ($74.44) for some of its latest iPhone models. Suggested retail prices for brands including LVMH's Louis Vuitton and Kering's Gucci were also cut by around 3 percent, according to local media reports.

Foxconn Is Weeks From Trial Run to Make Newest iPhones in India
Tue, 02 Apr 2019 06:47:53 +0000
The trial run of the iPhone X range of devices would come before Foxconn starts full-scale assembly at its factory outside the southern city of Chennai, the people said, asking not to be identified as the plans are private. Apple has become a minor player in India with about 1 percent of the country’s shipments as its higher prices deter customers in the world’s fastest growing major market. Production in India would help the Cupertino, California-based company avoid import duties of 20 percent and also meet the 30 percent local sourcing rule that would allow it to open its own stores in the country.

FirstFT: Today’s top stories
Tue, 02 Apr 2019 06:27:51 +0000
FT subscribers can click here to receive FirstFT every day by email. Theresa May’s badly divided cabinet will gather on Tuesday to determine what route, if any, the UK can chart out of the Brexit morass. …

The Year of the IPO
Tue, 02 Apr 2019 04:00:00 +0000
The unicorns are finally emerging from the meadows of Silicon Valley, and some of them look healthier than others.

Apple’s Major Supplier Takes One for the Team
Tue, 02 Apr 2019 03:57:28 +0000
Inventory figures at Apple’s primary chipmaker Taiwan Semiconductor Manufacturing Co. were also high at the end of 2018, up 40 percent from a year earlier. In the fourth quarter, Apple was the primary client for such technology. My conclusion in January was that, to avoid holding inventory, Apple was pushing it back onto suppliers.

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