Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 9.17% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $9.16 would be incurred if the stock dropped below the $100.00 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 above 80 which suggests that the stock is in overbought territory.
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
Xiaomi, Shunwei to Invest $300 Million in IQiyi for Video
Wed, 19 Nov 2014 08:45:14 GMT
Bloomberg – Xiaomi Corp., China’s largest smartphone vendor, and Shunwei Capital will invest $300 million in Baidu Inc. (BIDU) ’s IQiyi.com to increase access to online content as more people watch videos on mobile …
Apple's Shares In Very Overbought Territory At $808
Wed, 19 Nov 2014 08:23:00 GMT
Black Friday Backlash: Real Deals Or Just A Marketing Scam?
Wed, 19 Nov 2014 05:48:00 GMT
Forbes – Walmart made headlines last week by announcing its Black Friday specials would be extended from one day to five, beginning Thanksgiving morning and going through Cyber Monday. Other retailers seek to usurp purchases that would otherwise go to competitors with Black Friday presales. With specials beginning weeks before its official
[$$] UnionPay In Deal With Apple In China
Wed, 19 Nov 2014 05:22:09 GMT
The Wall Street Journal – Apple Inc. has struck a deal with China’s only domestic bank-card provider UnionPay, making it easier for Chinese consumers to buy its apps.
Apple and Others Encrypt Phones, Fueling Government Standoff
Wed, 19 Nov 2014 05:18:44 GMT
The Wall Street Journal – The Justice Department complains that new encryption technology by Apple, Google and others makes it harder for police to gather evidence.
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