Apple (AAPL) Offering Possible 45.99% Return Over the Next 31 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $380.00 short put and a strike $370.00 long put offers a potential 45.99% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $380.00 by expiration. The full premium credit of $3.15 would be kept by the premium seller. The risk of $6.85 would be incurred if the stock dropped below the $370.00 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 above 80 which suggests that the stock is in overbought 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 Apple

Chinese AirPods Maker Soars on Deal to Assemble iPhone Amid Trade Tensions
Mon, 20 Jul 2020 08:30:51 +0000
(Bloomberg) — Apple Inc. will soon invite a mainland Chinese company into the exclusive club of global iPhone assemblers, marking the biggest change to a decade-old production model just as Washington-Beijing tensions escalate.Luxshare Precision Industry Co. struck a deal to acquire Wistron Corp.’s iPhone unit and become the first mainland company to assemble Apple’s marquee device. It’s another win for a company that went from making cables and antennas to AirPods, sending its shares higher by as much as 7% Monday while Wistron fell up to 10%.The introduction of a homegrown Chinese star helps Apple scores points with Beijing, at a time Washington officials have accused it of kow-towing to the Chinese government. It also shakes up Apple’s supply chain by threatening to wrest business away from longstanding partners Hon Hai Precision Industry Co. and Pegatron Corp. Pegatron fell almost 4% while Hon Hai, known also as Foxconn, closed 1.4% lower.“Apple is introducing Luxshare into the iPhone assembly business to further reduce its costs, while this reflects that Taiwanese companies are starting to rid of Apple businesses that are low-margin,” said Tsai Ming-fang, an industrial economist at Taipei-based Tamkang University. “This shift may further push Taiwanese companies to decamp from China as margins continue to slip as contract manufacturing becomes more standardized.”Read more: Apple to Gain a New Chinese IPhone Maker During a Trade WarApple, which exerts enormous influence over major changes among its primary suppliers, has sought a mainland Chinese partner in part to broaden its production sources during a bruising U.S.-China trade war.From Foxconn to Pegatron and Quanta Corp., the mainly Taiwanese contract manufacturers to the world’s biggest electronics brands are exploring ways to shift production away from China — averting rising tariffs — and move up the value chain. Assembling iPhones requires hundreds of thousands of workers, often culled from a volatile and constantly shifting pool of migrant labor, eating into margins.What Bloomberg Intelligence SaysLuxshare’s announced acquisition of two factories from Wistron in China may give it scope to win iPhone assembly orders beginning in 2023, based on our scenario analysis. This would hit Pegatron hard and possibly shave 3-4% off its sales, while Hon Hai’s diversity will better insulate it from the blow, we believe.\- Matthew Kanterman and Nathan Naidu, analystsClick here for the research.Read more: IPhone Makers Look Beyond China in Supply-Chain RethinkWistron may have been struggling to compete. Its Kunshan plant — which makes mostly iPhones — managed a net profit margin of just 0.2% in 2019, Nomura analysts noted in a July 17 note. The Taiwanese company accounted for only roughly 5% of total iPhone assembly orders, they said.Luxshare, in contrast, is among the largest of a crop of fast-rising Chinese electronics houses increasingly winning orders from established firms like Hon Hai. It’s become the world’s biggest maker of AirPods — one of the fastest-selling consumer accessories in the market — helping it record one of Asia’s best stock performances in 2019.The company agreed to pay about 3.3 billion yuan ($470 million) for two Wistron subsidiaries in eastern China. One of those units, based in the city of Kunshan, is Wistron’s sole iPhone manufacturing site, according to people familiar with the company’s business. The deal is slated for completion by year’s end pending regulatory approval. On Monday, CICC lifted its target price on Luxshare by about 16%.Luxshare’s deal “may now give it the scope to push on to gain share of iPhone assembly,” BI’s Kanterman and Naidu wrote. “It’s likely that Apple will support its partner and provide it with allocations over time, as the iPhone maker likely wants to further diversify its supply chain beyond just two main partners.”Read more: Apple’s AirPods Fire Up One of Asia’s Top Stocks in 2019 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.

A Giant Fund Sold Apple, Microsoft Stock. Here Are 2 Stocks It Bought.
Sun, 19 Jul 2020 11:00:00 +0000
Wellcome Trust slashed positions in Apple and Microsoft stock in the second quarter. It also initiated a position in Abbott Laboratories, and bought more Nike stock.

Apple Device Management Software Provider Jamf Will IPO Next Week
Sat, 18 Jul 2020 18:49:59 +0000
Jamf has filed an amended S-1 with the Securities and Exchange Commission (SEC) on Thursday, detailing more of its plans to go public, and the initial public offering (IPO) could happen as early as Thursday, July 23. Jamf was founded in 2002 and develops software to help organizations manage their Apple (NASDAQ: AAPL) devices. The company plans to trade on the Nasdaq stock exchange using the ticker symbol “JAMF,” and will be offering 16 million shares (with the option of 2.4 million more), with an anticipated price of between $17 and $19 per share.

G20 finance officials call for full, transparent debt freeze participation
Sat, 18 Jul 2020 16:24:32 +0000

G20 finance officials vow to resolve digital tax differences this year
Sat, 18 Jul 2020 16:01:03 +0000

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