Apple (AAPL) Offering Possible 49.25% Return Over the Next 24 Calendar Days

Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $265.00 short call and a strike $270.00 long call offers a potential 49.25% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $265.00 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock rose above the $270.00 long call 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 down which suggests that the medium-term momentum for Apple is bearish.

The RSI indicator is at 60.81 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 to expand operations in India: Ravi Shankar Prasad
Mon, 25 Nov 2019 09:56:47 +0000
India's information technology minister Ravi Shankar Prasad said on Monday Apple Inc would expand its operations in the country and the iPhone maker's supplier Salcomp would make components at a plant near Chennai in southern India. Salcomp will invest 20 billion rupees ($278.67 million) over the next five years to make chargers and other components at the plant and the move will also create 10,000 jobs, Prasad said. Apple's phones made in India will also be exported, he said, adding that exports of mobile phones and components from the country would be worth $1.6 billion each this year.

Apple to expand operations in India: IT minister
Mon, 25 Nov 2019 09:54:21 +0000
India's information technology minister Ravi Shankar Prasad said on Monday Apple Inc would expand its operations in the country and the iPhone maker's supplier Salcomp would make components at a plant near Chennai in southern India. Salcomp will invest 20 billion rupees ($278.67 million) over the next five years to make chargers and other components at the plant and the move will also create 10,000 jobs, Prasad said. Apple's phones made in India will also be exported, he said, adding that exports of mobile phones and components from the country would be worth $1.6 billion each this year.

‘I shall simply point you to pumpkin-flavoured, gluten-free cupcakes’
Mon, 25 Nov 2019 04:00:33 +0000
You may wonder why we are celebrating an American holiday that hasn’t yet taken place on an ordinary weekday in London. , in her wisdom and in her absence, has designated today as Thanksgiving and made me “Chief Fun Officer” for the day, so who am I to argue? Speaking of Jessica, she will be joining us shortly via Zoom from Baltimore, where she is pitching to our US clients, as the Pilgrim Fathers themselves would have wanted.

The Week In Cannabis: A Federal Legalization Bill, Earnings Reports And A Tax Hike In California
Sun, 24 Nov 2019 20:59:36 +0000
For the first time ever, a congressional committee in the U.S. has voted on a cannabis legalization bill. The law in question, the Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2019, passed the House Judiciary Committee Wednesday in a 24-10 vote.

Thriving in a trade war: Japan's Murata finds a way
Sun, 24 Nov 2019 11:00:43 +0000
Murata Manufacturing may not be a household name but chances are its products are in your house and more than likely in your pocket, too. The company is a classic example of how Japanese parts makers not only built the country but also formed the backbone of the global electronics industry. The question now is how Murata and its peers — who still produce the guts of the world’s smartphones, TVs, cameras and cars — can forge their own destinies amid continued technological and geopolitical upheaval.

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