Apple’s most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $495.00 short put and a strike $485.00 long put offers a potential 66.67% 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 $495.00 by expiration. The full premium credit of $4.00 would be kept by the premium seller. The risk of $6.00 would be incurred if the stock dropped below the $485.00 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 62.3 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
Dr. Doom: We’re in a tech bubble
Wed, 16 Oct 2013 23:56:41 GMT
Talking Numbers – http://d.yimg.com/hd/cnbc2/lotus/1381962880604_158_21yDQQoNSPbf1_1_0.jpg?a=cnbc2&c=b9157cde422bc69897ae3df0a9111a79&mr=0&s=6a5c1ddce36f93cae64f33aa70b03585
[$$] Apple’s iPhone Strategy in Doubt
Wed, 16 Oct 2013 23:53:09 GMT
The Wall Street Journal – Apple hoped to broaden its appeal with a cheaper version of the iPhone. But that effort appears to be faltering after a few weeks.
An Irish Apple a Day Keeps International Taxes Away
Wed, 16 Oct 2013 23:46:03 GMT
Wall St. Cheat Sheet – Ireland’s finance minister pledged to be part of the solution to the global tax problem, but changes in Irish policy won’t affect Apple’s tax plan.
4 Stocks Making Big Moves
Wed, 16 Oct 2013 23:35:58 GMT
Motley Fool – Weakening demand for Apple’s iPhone 5c, and a big surprise in profits from Mattel. Here are four stocks making moves today.
Samsung’s `Patentgate’ Scandal Heats Up
Wed, 16 Oct 2013 23:32:09 GMT
Bloomberg – Oct. 16 (Bloomberg) –- Bloomberg’s Cory Johnson discusses Samsung’s the latest twist in the Apple vs. Samsung battle. He speaks with Emily Chang on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)…
Also on Market Tamer…
Follow Us on Facebook