Apple (AAPL) Offering Possible 42.86% Return Over the Next 30 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $600.00 short put and a strike $590.00 long put offers a potential 42.86% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $600.00 by expiration. The full premium credit of $3.00 would be kept by the premium seller. The risk of $7.00 would be incurred if the stock dropped below the $590.00 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 63.2 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 wants Beats because streaming could ‘kill' download sales, TechCrunch says
Thu, 22 May 2014 23:57:04 GMT

Avago Among 5 Top Chip Stocks In Buy Area Or Basing
Thu, 22 May 2014 23:04:00 GMT
Investor's Business Daily – A handful of semiconductor stocks in Your Weekly Review are either in buying range or working on bases amid the market's correction. The Semiconductor Industry Association (SIA) said in early May that …

Apple might buy Beats Electronics with foreign cash
Thu, 22 May 2014 22:04:00 GMT

Best Buy Blames Slow Sales On Device Manufacturers
Thu, 22 May 2014 21:44:00 GMT

Panay: Surface Pro 3 stacks up well against iPad, MacBook Air
Thu, 22 May 2014 21:43:57 GMT

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