Apple (AAPL) Offering Possible 39.28% Return Over the Next 14 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $132.00 short put and a strike $127.00 long put offers a potential 39.28% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $132.00 by expiration. The full premium credit of $1.41 would be kept by the premium seller. The risk of $3.59 would be incurred if the stock dropped below the $127.00 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 at 72.26 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

Dow Jones Futures: Tesla, Nio, Bitcoin Jump In Quietly Bullish Stock Market Rally; Five Stocks Enter Buy Zones
Thu, 31 Dec 2020 10:49:22 +0000
The stock market had a quietly bullish day as the major indexes edged higher and Apple paused. Tesla, Nio and Bitcoin jumped. TSM and Visa entered buy zones.

Apple AirPods Max vs Sony WH-1000XM4: Which wireless headphones are best?
Thu, 31 Dec 2020 10:39:06 +0000
We found out whether Apple’s brand new first over-ear offering is worth the hefty £549 price tag

Goldman Sachs Is One of Barron’s Top Stock Picks for the New Year. Here’s Why.
Thu, 31 Dec 2020 09:00:00 +0000
Goldman Sachs doesn’t get much credit from investors for its blockbuster earnings in the past two quarters, rising returns, and ongoing transformation under CEO David Solomon.

Is the Stock Market Closed Today? Here Are the Hours for New Year’s Eve and Day.
Thu, 31 Dec 2020 09:00:00 +0000
It was a year to remember, for all the wrong reasons. Investors get a day off on New Year’s, but not on Thursday.

Apple removes 39,000 game apps from China store to meet deadline
Thu, 31 Dec 2020 08:22:36 +0000
Apple removed 39,000 game apps on its China store Thursday, the biggest removal ever in a single day, as it set year-end as deadline for all game publishers to obtain a licence. Including the 39,000 games, Apple removed more than 46,000 apps in total from its store on Thursday. Qimai also said only 74 of the top 1,500 paid games on Apple store survived the purge.

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