Apple Offering Possible 28.21% Return Over the Next 9 Calendar Days

Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $520.00 short call and a strike $530.00 long call offers a potential 28.21% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $520.00 by expiration. The full premium credit of $2.20 would be kept by the premium seller. The risk of $7.80 would be incurred if the stock rose above the $530.00 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 below 20 which suggests that the stock is in oversold 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

Pandora Fires Back at Apple's iTunes Radio
Thu, 07 Nov 2013 23:16:12 GMT
Motley Fool – Let's take an initial reading of how the budding rivalry between Apple and Pandora is faring thus far.

Apple fixes Gmail bug in latest Mail update for Mavericks (update: and MacBook Pro issues too)
Thu, 07 Nov 2013 22:54:00 GMT
Engadget – Mavericks may have brought a number of notable improvements to OS X, but Gmail integration was certainly not one of them. Users of Google's email service might've encountered an unpleasant surprise when …

Corning: A Textbook Value Play
Thu, 07 Nov 2013 22:46:07 GMT
Seeking Alpha – The last 30 days sure have been interesting for shares of Corning ( GLW ). GLW data by YCharts

Workers in Apple's supply chain forced into indentured servitude, reports Bloomberg
Thu, 07 Nov 2013 22:43:32 GMT
The Verge – Apple’s history with Taiwanese manufacturer Foxconn and its sprawling network of suppliers in Southeast Asia is checkered with stories concerning the human rights abuses rampant in the region, and the company has made much progress in the effort to resolve them. Today, a Bloomberg Businessweek report reveals how, following last year’s iPhone 5 announcement, the pressure to produce components for the new Apple smartphone resulted in workers on factory lines being forced into debt and indentured servitude. The report details the push to find workers to produce the iPhone 5’s 8-megapixel camera, and the means by which companies like Flextronics International, one of Apple’s largest suppliers, recruit for positions on factory assembly lines. This practice amounts to the very same kind of bonded labor that Apple has tried to combat in its recent supply-chain audits.

Here Are the Details of Apple’s Huge Sapphire Deal
Thu, 07 Nov 2013 22:41:03 GMT
Wall St. Cheat Sheet – The scope of GT Advanced Technologies’ deal suggests that Apple may soon be fully switching to sapphire crystal.

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