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 9.77% return on risk over the next 31 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 $0.89 would be kept by the premium seller. The risk of $9.11 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
Apple supplier Hon Hai plans new display facility in Taiwan
Thu, 20 Nov 2014 08:32:43 GMT
Apple, Xiaomi trade smartphone barbs in China
Thu, 20 Nov 2014 08:09:20 GMT
Apple, Xiaomi trade smartphone barbs in China
Thu, 20 Nov 2014 07:58:28 GMT
Microsoft Delivers A Post Mortem–The Reasons Behind The Global Azure-Alypse
Thu, 20 Nov 2014 07:43:00 GMT
Apple set to put Beats Music app on all iPhones, iPads
Thu, 20 Nov 2014 07:13:57 GMT
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