Apple (AAPL) Offering Possible 14.42% Return Over the Next 8 Calendar Days

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Apple’s most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $227.50 short call and a strike $232.50 long call offers a potential 14.42% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $227.50 by expiration. The full premium credit of $0.63 would be kept by the premium seller. The risk of $4.37 would be incurred if the stock rose above the $232.50 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 at 65.26 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, T-Mobile, Sprint, Verizon and NIO – 5 Things You Must Know
Wed, 12 Sep 2018 09:35:00 +0000
U.S. stock futures rose on Wednesday, Sept. 12, but global stocks struggled for momentum as investors were having a hard time seeing any meaningful conclusion to the U.S.-China trade war, a major risk factor that has hung over markets for several months. Tech shares were getting an early boost from Apple Inc. TheStreet will be live-blogging Apple’s latest iPhone unveiling event on Wednesday at 1 p.m. ET.

[$$] Apple’s 2018 iPhone Event: What You Need to Know
Wed, 12 Sep 2018 09:33:55 +0000
Inc. on Wednesday will hold its annual product showcase at its headquarters, unveiling the new iPhones, Apple Watch and AirPods that will be critical to its efforts to build on this fiscal year’s record revenue. Apple reveals new iPhones in September. A year removed from last year’s 10th anniversary celebration—the first to be held at Steve Jobs Theater on the company’s new campus—look for Apple to get back to basics.

Apple Extends Gains Ahead of Launch Event Expected to Unveil 3 New iPhones
Wed, 12 Sep 2018 09:20:00 +0000
shares extended gains in pre-market trading, following their biggest advance in more than a month, as investors prepare for the expected launch of three new iPhones that could boost the average selling price of the group’s most important product to just under $800. Apple CEO Tim Cook will host the event, scheduled for 8 am pacific time at the company’s Apple Park campus in Cupertino, California, that is expected to unveil new versions of the iPhone, as well as upgrades to the Apple Watch and sundry products such as AirPods. The iPhone details, however, will likely drive investor reaction to the event, given that smartphone sales comprise around two-thirds of Apple’s $50 billion-plus in quarterly revenues.

iPhone launch – LIVE: Apple announces latest updates as new iPhone and other products release date arrives
Wed, 12 Sep 2018 09:17:00 +0000
Apple is about to hold its biggest event of the year. One of them will be much larger – probably the biggest display that Apple has ever put in a phone – while another will give access to the iPhone X’s design at a relatively cheaper price. Many details about that new phone, including its shiny gold colour, has already been accidentally leaked by Apple.

Hurricane Florence Continues March to U.S. East Coast
Wed, 12 Sep 2018 08:51:03 +0000
Sep.12 — Bloomberg’s Christine Burke takes a look at some of the big stories of the day on “Bloomberg Daybreak: Middle East.”

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