Apache Offering Possible 9.17% Return Over the Next 30 Calendar Days

Apache's most recent trend suggests a bullish bias. One trading opportunity on Apache is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 9.17% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock dropped below the $85.00 long put strike price.

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

The RSI indicator is at 74.36 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 Apache

Apache Hit 52-Week High
Thu, 21 Nov 2013 18:22:16 GMT
Zacks – Shares of energy explorer Apache Corp. hit a 52-week high of $93.99 on Nov 20.

Apache Corporation Announces Cash Tender Offer For Up To $850 million Principal Amount Of Five Series Of Its Notes
Thu, 21 Nov 2013 16:52:53 GMT
noodls – Download PDF HOUSTON, Nov. 21, 2013 /PRNewswire/ –Apache Corporation (NYSE, Nasdaq: APA) announced today that it has commenced a cash tender offer to purchase up to $850 million aggregate principal amount …

InPlay: Apache announces cash tender offer for up to $850 mln of five series of its notes
Thu, 21 Nov 2013 16:01:09 GMT

Apache Corporation Announces Cash Tender Offer For Up To $850 million Principal Amount Of Five Series Of Its Notes
Thu, 21 Nov 2013 16:00:00 GMT
PR Newswire – HOUSTON, Nov. 21, 2013 /PRNewswire/ — Apache Corporation (NYSE, Nasdaq: APA) announced today that it has commenced a cash tender offer to purchase up to $850 million aggregate principal amount (the “Tender Cap”) of five series of its outstanding notes. The terms and conditions of the tender offer are described in detail in an Offer to Purchase dated today (the “Offer to Purchase”) and a related Letter of Transmittal. In the tender offer, Apache is offering to purchase, subject to certain conditions, up to $850 million aggregate principal amount of its 2.625% Notes due 2023, 3.25% Notes due 2022, 3.625% Notes due 2021, 4.75% Notes due 2043 and 4.25% Notes due 2044, subject to the acceptance priority level specified in the table below:

Apache, Exxon Mobil Rally as Crude Oil Declines
Thu, 21 Nov 2013 14:42:00 GMT
TheStreet – Apache and Exxon Mobil hit multi-year highs while eight oils-energy stocks follow suit.

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