Apple Offering Possible 62.6% Return Over the Next 24 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $515.00 short put and a strike $505.00 long put offers a potential 62.6% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $515.00 by expiration. The full premium credit of $3.85 would be kept by the premium seller. The risk of $6.15 would be incurred if the stock dropped below the $505.00 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

The Morning Download: Microsoft Says CIOs Helped Fix Windows 8
Thu, 24 Oct 2013 12:12:51 GMT
The Wall Street Journal – Good morning. We're not sure if this falls under the umbrella of flattery, or damning with faint praise, but Microsoft Corp. claims improvements to the Windows 8 operating system were inspired by input …

Early movers: MMM, F, LUV, XRX, UA, T, RTN & more
Thu, 24 Oct 2013 12:08:56 GMT
CNBC – 3M (NYSE: MMM) – The diversified manufacturer reported third quarter profit of $1.78 per share, beating estimates by three cents, with its revenue beating Street forecasts as well. Ford (NYSE: F) – The …

Samsung fined $340,000 for astroturfing in Taiwan
Thu, 24 Oct 2013 11:54:00 GMT
Fortune – FORTUNE — It has often been suggested that some of the comments critical of Apple (AAPL) on U.S. social media — including this blog — are posted by paid Samsung shills. But there is no proof, and Samsung …

Weekly Jobless Claims; Ford and 3M Report; Amazon and Microsoft on Deck
Thu, 24 Oct 2013 11:44:49 GMT

The Apple Enigma: Confessions Of A Reformed Apple Hater
Thu, 24 Oct 2013 11:10:45 GMT
Seeking Alpha – For a long time, I've been an “Apple hater”. I'm unashamed to admit that I'm a PC/Android guy. I like being able to customize things, I prefer those OSes for computers and phones respectively, …

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