Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $165.00 short put and a strike $155.00 long put offers a potential 21.65% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $1.78 would be kept by the premium seller. The risk of $8.22 would be incurred if the stock dropped below the $155.00 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 65.61 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
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Wed, 15 Dec 2021 09:30:00 +0000
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Biden Team Mulls New Clampdown on China’s Largest Chipmaker
Wed, 15 Dec 2021 08:15:51 +0000
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Stock market news live updates: Stock futures open slightly higher ahead of Fed decision
Tue, 14 Dec 2021 23:34:11 +0000
Investors weighed the central bank's potential response to persistent inflationary pressures.
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