Apple (AAPL) Offering Possible 38.89% Return Over the Next 3 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $118.75 short put and a strike $113.75 long put offers a potential 38.89% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $118.75 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $113.75 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 56.05 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

Dow Jones Futures: President Trump Defiant After Hinting At Concession; JD.com Earnings Due As Coronavirus Cases Soar
Mon, 16 Nov 2020 10:51:01 +0000
President Trump retracted an apparent concession to Joe Biden Sunday as coronavirus cases soar with more vaccine news expected. JD.com earnings loom.

Apple Targeted by Privacy Campaigner Who Took on Facebook
Mon, 16 Nov 2020 10:20:44 +0000
(Bloomberg) — Apple Inc.’s ad tracking is the target of two complaints to Spanish and German authorities by a privacy advocate whose earlier legal battles are forcing Facebook Inc. to change the way it transfers data.Noyb, a group founded by privacy activist Max Schrems, is accusing Apple of unlawfully installing so-called identification for advertisers on its devices. The service helps Apple and apps track users’ behavior and their consumption preferences without their consent, the group said.“With our complaints we want to enforce a simple principle: trackers are illegal, unless a user freely consents,” Noyb lawyer Stefano Rossetti said in a statement on Monday. “Smartphones are the most intimate device for most people and they must be tracker-free by default.”Schrems made a name for himself as a law student by taking on Facebook over the safety of people’s data when it was shipped to the U.S. He won a landmark European Union court ruling in 2015 and his complaints led to a second key judgment in July that has forced regulators on both sides of Atlantic to rethink data transfer rules. The EU’s revamped data protection rules in 2018 opened the door to mass lawsuits, which led to the creation of Noyb and a promise by Schrems to “look for the bigger cases” with the biggest impact.Rossetti said the complaints aren’t based on the EU’s General Data Protection Regulation, or GDPR, which gives regulators the power to impose hefty fines. The issues raised won’t need the involvement of the data protection authority in Ireland, where Apple has its main EU base.“The action refers to only German and Spanish users” who complained about Apple, Rossetti said in an email. Still, he said the effects of any decision could extend beyond Germany and Spain and “it would be difficult for the company to continue doing with millions” of people “what was declared illegal for two” countries.Apple and the two data protection authorities didn’t immediately respond to requests for comment.App developers have historically used IDFA to help target users with ads and track the performance of ads across different devices. The iPhone maker will require app developers from early next year to show a warning label to users before collecting IDFA info on iOS 14, and will also require that users opt in to sharing it. Those changes have triggered an antitrust complaint from French advertisers who say it could make their revenue plummet.Noyb in May also took aim at Google in a complaint, accusing the U.S. tech giant of tracking users of Android phones through a unique ID that allowed the firm and third parties to monitor people’s behavior. The Irish Data Protection Commission, which is also the lead EU regulator for Google on privacy matters, in February opened a probe into Google’s processing of location data.The latest complaints by Noyb are based on an old EU law regulating firms’ use of cookies and other tracking devices. They are not based on GDPR, which forces EU regulators to cooperate on probes where the alleged violations had a bloc-wide effect.They “do not trigger the cooperation mechanism” and “we are trying to avoid endless procedures,” Rossetti said.(Updates with comment from complainant and background starting in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Apple responds to Gatekeeper issue with upcoming fixes
Mon, 16 Nov 2020 06:53:06 +0000
Apple has updated a documentation page detailing the company’s next steps to prevent last week’s Gatekeeper bug from happening again, as Rene Ritchie spotted. Apple had a difficult launch day last week. Apple then suffered from server-side issues.

European activist files complaints against Apple's tracking tool
Mon, 16 Nov 2020 06:07:54 +0000
A group led by privacy activist Max Schrems filed complaints on Monday with German and Spanish data protection authorities over Apple's online tracking tool, saying it breached European law by allowing iPhones to store users' data without their consent. It is the first such major action against the U.S. technology group related to European Union privacy rules. Noyb, the digital rights group run by Schrems, has successfully fought two landmark trials over privacy against Facebook.

Privacy activist files complaints against Apple's tracking tool
Mon, 16 Nov 2020 06:00:00 +0000
A group led by privacy activist Max Schrems on Monday filed complaints with German and Spanish data protection authorities over Apple's online tracking tool, alleging that it allows iPhones to store users' data without their consent in breach of European law. It is the first such major action against the U.S. technology group in regards to European Union privacy rules. Apple says it provides users with a superior level of privacy protection.

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