Apple’s most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $172.50 short put and a strike $167.50 long put offers a potential 22.25% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $172.50 by expiration. The full premium credit of $0.91 would be kept by the premium seller. The risk of $4.09 would be incurred if the stock dropped below the $167.50 long put 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 up which suggests that the medium-term momentum for Apple is bullish.
The RSI indicator is at 77.25 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
What does Apple Inc’s (NASDAQ:AAPL) Balance Sheet Tell Us About Its Future?
Tue, 06 Mar 2018 10:39:20 +0000
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Apple Inc (NASDAQ:AAPL) a safer option. Market participants who are conscious of risk tend toRead More…
Randi Zuckerberg has three pieces of advice for entrepreneurs
Tue, 06 Mar 2018 09:10:00 +0000
She may be the sister of Mark Zuckerberg, but Randi has proved herself an entrepreneur in her own right.
What’s Likely Driving Apple’s Reported Headphone and MacBook Plans
Tue, 06 Mar 2018 02:59:00 +0000
The company is reportedly prepping a pair of high-end headphones with AirPods-like features, as well as an update for the neglected MacBook Air.
Apple, Inc.’s 2 Biggest Catalysts Are Still on Fire
Tue, 06 Mar 2018 02:41:00 +0000
Worried about slowing iPhone revenue? Check out these two catalysts for Apple’s business.
Apple’s Stock to Skyrocket 14% as Customers Warm Up to iPhone X
Tue, 06 Mar 2018 01:05:00 +0000
Apple stock seems like it’s heading to $200, thanks in part to its ecosystem and the possibility of a larger and/or cheaper iPhone X.
Follow Us on Facebook