Apple (AAPL) Offering Possible 69.49% 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 $116.00 short put and a strike $111.00 long put offers a potential 69.49% 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 $116.00 by expiration. The full premium credit of $2.05 would be kept by the premium seller. The risk of $2.95 would be incurred if the stock dropped below the $111.00 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 60.62 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

Stock market news live updates: Tech shares rebound after three days of selling; vaccine trial put on hold
Wed, 09 Sep 2020 20:05:03 +0000
Stocks rose Wednesday and recovered some losses after another drop in tech names dragged the three major indices to their lowest closing level in one month on Tuesday.

Dow Jones Futures Rise Despite Coronavirus Vaccine News; Lululemon, Slack Tumble On Earnings
Wed, 09 Sep 2020 11:50:50 +0000
Dow Jones futures were in focus late Tuesday after the stock market sell-off. Apple and Tesla dived, while Nikola soared 53%.

Gillmor Gang: Table Stakes
Tue, 08 Sep 2020 22:28:36 +0000
The Magic Keyboard peripheral adds a USB connector to plug in an external drive, and while it’s a bit of a trudge to get it to work almost like OS/10, soon it’s easy to move files over from Zoom on the Mac where the camera is positioned better in the center of the display. The Magic Keyboard doesn’t let you position the iPad in portrait mode, and it wouldn’t work anyway with Zoom in 16:9. The Magic Keyboard is expensive ($300), but Apple’s attention to detail reinforces my commitment to the evolution of the platform.

Warren Buffett and Salesforce Will Invest in Snowflake's IPO
Tue, 08 Sep 2020 22:26:12 +0000
Cloud data management company Snowflake revealed in a regulatory filing today that Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) and salesforce.com (NYSE: CRM) would each make a $250 million investment in the company using a concurrent private placement in conjunction with its initial public offering (IPO).

The Stock Market Got Slammed. Tech Stocks Aren’t Its Only Problem.
Tue, 08 Sep 2020 22:15:00 +0000
Technology shares took it on the chin, but they were far from the only ones to get hit hard. Does the market see something we don’t?

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