Apple (AAPL) Offering Possible 11.11% Return Over the Next 6 Calendar Days

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Apple’s most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $190.00 short put and a strike $185.00 long put offers a potential 11.11% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $190.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $185.00 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 at 73.7 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

Apple Slides on Report Suppliers Prepping for Sharply Lower iPhone Orders
Fri, 08 Jun 2018 09:54:00 +0000
shares fell sharply in pre-market trading Friday following a report that the tech giant has warned companies in its supply chain to expect a steep drop in iPhone component orders into the second half of the year. Japan’s Nikkei Business Review said suppliers were asked to prepare for an order flow of components based on the sale of 80 million new iPhones, a figure that would be around 20% lower than the 100 million figure used last year to prepare for the sale of new iPhone 8, iPhone 8 Plus and iPhone X units. Apple is reportedly preparing three new handsets for its traditional September launch, two with iPhone X-like organic light-emitting diode (OLED) screens and one with a traditional liquid crystal display screen used in the iPhone 8.

G-7, Apple, Ant Financial and Facebook – 5 Things You Must Know
Fri, 08 Jun 2018 09:45:00 +0000
U.S. stock futures fell on Friday, June 8, and shares in Europe and Asia tumbled as markets braced for what promises to be a fiery meeting of G-7 leaders in Quebec City that could ignite another series of trade war skirmishes among the world’s biggest economies. Donald Trump lashed out at both Canadian Prime Minister Justin Trudeau and his closest European ally, President Emmanuel Macron of France, in a series of tweets that suggested the two-day summit that begins Friday will produce little in the way of broader consensus and may indeed harden positions on trade and other key issues among officials in Washington. Trump accused both France and Canada of imposing massive tariffs on U.S. goods.

Apple Drops After Report on iPhone Order Cut
Fri, 08 Jun 2018 09:03:16 +0000
Apple Inc.’s Frankfurt-listed shares and Europe-based suppliers declined after a report that the technology giant has warned its supply chain of a drop of around 20 percent in new iPhone component orders….

Foxconn Industrial Internet Soars in Shanghai Debut
Fri, 08 Jun 2018 01:36:18 +0000
Foxconn Industrial Internet Co. soared in its Shanghai debut, a thumbs-up for billionaire Terry Gou’s ambitions of nurturing a smart-factory division to help his company emerge from under Apple Inc.’s wing. The company, which raised 27.1 billion yuan in mainland China’s largest initial public offering since 2015, is now the largest tech company listed in Shanghai or Shenzhen, pipping previous title-holder Hangzhou Hikvision Digital Technology Co. The Hon Hai Precision Industry Co. unit’s coming-out party was one of the most anticipated of 2018, drawing demand for 290 times the shares for sale and attracting powerhouse investors from Alibaba Group Holding Ltd. to Tencent Holdings Ltd. FII is now tasked with leading a drive into the “smart” manufacturing of higher-margin widgets from servers to Internet of Things devices.

New MacBook Pro Leak Reveals Apple’s Innovative Failure
Thu, 07 Jun 2018 23:46:00 +0000
In Apple’s push forward to create a new design paradigm for its macOS-powered laptop, it switched over the ports on the MacBook to USB-C, including the power adaptor. Previously, the MagSafe connector allowed you to connect your power supply to your MacBook, but if cable had any pressure applied to it, it would simply pop out of your MacBook. The magnetic connection was strong enough to hold the connectors in place, but weak enough that someone tripping over your cable pull the connector to the floor, not the entire MacBook.

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