Apache Offering Possible 20.19% Return Over the Next 15 Calendar Days

Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $90.00 short call and a strike $95.00 long call offers a potential 20.19% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock rose above the $95.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Apache 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 Apache 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 Apache

Apache Corporation Announces Total Consideration For $850 Million Cash Tender Offer; Terminates Cash Tender Offer With Respect To 3.625% Notes Due 2021, 4.75% Notes Due 2043 And 4.25% Notes Due 2044
Fri, 06 Dec 2013 22:28:25 GMT
noodls – Download PDF HOUSTON, Dec. 6, 2013 /PRNewswire/ –Apache Corporation (NYSE, Nasdaq: APA) announced today the reference yields, Total Consideration and Tender Offer Consideration for each series of notes …

Apache Corporation Announces Total Consideration For $850 Million Cash Tender Offer; Terminates Cash Tender Offer With Respect To 3.625% Notes Due 2021, 4.75% Notes Due 2043 And 4.25% Notes Due 2044
Fri, 06 Dec 2013 21:10:00 GMT
PR Newswire – HOUSTON, Dec. 6, 2013 /PRNewswire/ — Apache Corporation (NYSE, Nasdaq: APA) announced today the reference yields, Total Consideration and Tender Offer Consideration for each series of notes subject to its previously announced $850 million cash tender offer. The terms and conditions of the tender offer are described in detail in an Offer to Purchase dated November 21, 2013 and a related Letter of Transmittal. Based upon the results of the tender offer as of the Early Tender Time (as defined below) as reported in the news release issued this morning to report results of the tender offer as of the Early Tender Time, Apache determined that none of the 3.625% Notes due 2021, 4.75% Notes due 2043 or 4.25% Notes due 2044 would ultimately be accepted for purchase under the terms of the tender offer. Accordingly, Apache also announced today that it is terminating the tender offer with respect to the 3.625% Notes due 2021, 4.75% Notes due 2043 and 4.25% Notes due 2044. Any tendered 3.625% Notes due 2021, 4.75% Notes due 2043 and 4.25% Notes due 2044 will be promptly returned to holders.

Apache Corporation Announces Results Of $850 Million Cash Tender Offer As Of Early Tender Time
Fri, 06 Dec 2013 16:00:26 GMT
noodls – Download PDF HOUSTON, Dec. 6, 2013 /PRNewswire/ — Apache Corporation (NYSE, Nasdaq: APA) announced today that, pursuant to its previously announced $850 million cash tender offer, approximately $2.7 billion …

Apache Corporation Announces Results Of $850 Million Cash Tender Offer As Of Early Tender Time
Fri, 06 Dec 2013 14:20:00 GMT
PR Newswire – HOUSTON, Dec. 6, 2013 /PRNewswire/ — Apache Corporation (NYSE, Nasdaq: APA) announced today that, pursuant to its previously announced $850 million cash tender offer, approximately $2.7 billion in aggregate principal amount of notes subject to the tender offer was validly tendered and not withdrawn at or before the “Early Tender Time,” which was 5:00 p.m., Eastern time, on December 5, 2013, according to information provided by Global Bondholder Services Corporation, the depositary for the tender offer, as more fully set forth below. The terms and conditions of the tender offer are described in detail in an Offer to Purchase dated November 21, 2013 and a related Letter of Transmittal. The tender offer is scheduled to expire at 11:59 p.m., Eastern time, on December 19, 2013, the “Expiration Time,” unless extended. Holders of notes who tendered their notes on or before the “Withdrawal Date,” which was 5:00 p.m., Eastern time, on December 5, 2013, may no longer withdraw their notes, unless otherwise required by law.

Apache: Doing Away With Freshwater And Benefiting From Wolfcamp
Thu, 05 Dec 2013 18:35:20 GMT
Seeking Alpha – Apache ( APA ) benefited recently from its strategy to concentrate on the domestic markets, which has resulted in stock price appreciation of around 5% in the last three months. While the tailwind opportunities …

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