Apple (AAPL) Offering Possible 51.06% Return Over the Next 23 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $147.00 short put and a strike $142.00 long put offers a potential 51.06% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $147.00 by expiration. The full premium credit of $1.69 would be kept by the premium seller. The risk of $3.31 would be incurred if the stock dropped below the $142.00 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 63.53 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 Fall As Tesla Earnings Beat, While Apple Leads 4 Tech Giants Set To Report
Tue, 27 Jul 2021 11:53:51 +0000
Dow Jones futures fell Tuesday, as Tesla stock jumped on earnings. Apple leads four tech giants reporting earnings late Tuesday.

Apple's 5G Empire Could Expand Big Time
Tue, 27 Jul 2021 11:17:00 +0000
Apple (NASDAQ: AAPL) is winning big in the 5G smartphone era, as the iPhone 12 has given its massive installed base of users a reason to make the transition to the latest wireless standard. The iPhone maker has been sitting on top of the 5G smartphone sales rankings since the fourth quarter of 2020, according to Strategy Analytics, enjoying a combination of impressive sales volume growth and higher average prices. Apple, however, seems all set to double down on the 5G smartphone opportunity in 2022 by moving into the budget segment.

Apple's iPhone expected to drive sales, but App Store faces regulatory risk
Tue, 27 Jul 2021 11:05:00 +0000
Strong sales of 5G iPhones and services such as the App Store and Apple Music are expected to drive growth at Apple Inc, which reports results on Tuesday, but some investors will be listening to the company's strategy to ward off anti-trust foes. The services business faces lawsuits, regulatory scrutiny, including from an empowered U.S. Department of Justice, and a raft of pending legislation in the United States and Europe to lower its commissions on apps and make other changes. “We believe government action (via antitrust, executive order, and legislation) represents the single greatest risk for shares of Apple,” Tom Forte, an analyst at D.A. Davidson & Co, wrote in a note to clients, adding that he hoped Apple's executives would address the risks on the company's earnings call on Tuesday.

Facebook Wants to Dominate Virtual Reality
Tue, 27 Jul 2021 10:40:00 +0000
Facebook (NASDAQ: FB) has started taking virtual reality (VR) very seriously over the last few years. Facebook hopes VR can be its next growth platform despite having a relatively small base of a few million users. Here's how VR is playing out for the social media giant and how Facebook is hoping to create the dominant VR platform.

Caution in markets as Chinese crackdown causes biggest knock since 2008
Tue, 27 Jul 2021 07:40:31 +0000
Leading indices in Europe fell on Tuesday as shares of US-listed Chinese companies suffered their biggest two-day fall since the financial crisis in 2008.

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