Apple (AAPL) Offering Possible 21.65% Return Over the Next 8 Calendar Days

Apple’s most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $230.00 short call and a strike $235.00 long call offers a potential 21.65% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $230.00 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $4.11 would be incurred if the stock rose above the $235.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Apple is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Apple is bearish.

The RSI indicator is at 62.73 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

Google’s New Phone Tries to Steal Apple’s Business — and So Far, It’s Failing
Wed, 10 Oct 2018 09:03:06 +0000
Google’s Pixel 3 can’t seem to compete with Apple’s iPhones.

Google unveils new Pixel phone, adds tablet in Apple challenge
Wed, 10 Oct 2018 04:57:50 +0000
Alphabet Inc’s Google on Tuesday unveiled the third edition of its Pixel smartphone, a Google Home smart speaker with a display and its first tablet computer as it makes a come-from-behind push into hardware. The company’s Android software has gone from being an also-ran to the brains of most of the world’s smartphones and Google topped Amazon.com Inc in smart speaker sales in recent quarters. Pixel phones, though, have been a tougher sell, launching with glitches and garnering less than 1 percent of the global market by shipments in Google’s first two years of trying, according to research firm Strategy Analytics.

U.S. Republican senator seeks briefings on reported China hacking attack
Wed, 10 Oct 2018 04:18:49 +0000
The top Republican on the Senate Commerce Committee has asked Apple Inc, Amazon.com Inc and Super Micro Computer Inc for staff briefings about a Bloomberg report that the Chinese government implanted malicious hardware into server motherboards provided by Super Micro. Senator John Thune said in letters to the chief executives made public on Tuesday that he had sought staff briefings by Oct. 12 from the three companies.

China’s Huawei Takes Aim at Qualcomm, Nvidia With New AI Chips
Wed, 10 Oct 2018 03:13:12 +0000
Now it wants to take on some of America’s largest technology companies in semiconductors. Chinese’s largest telecommunications gear and mobile phone maker on Wednesday unveiled its latest Ascend series chips, machine-learning capable workhorses that it says can go toe-to-toe with designs from Qualcomm Inc. and Nvidia Corp. It’s also introducing cloud computing services and dedicated data centers for autonomous vehicles that will run off those chips, delving deeper into territory staked out by Amazon.com Inc., Microsoft Corp. and homegrown rival Alibaba Group Holding Ltd.

Senators Question Supermicro on Report of Chinese Hardware Hack
Wed, 10 Oct 2018 02:11:49 +0000
Florida Republican Marco Rubio and Connecticut Democrat Richard Blumenthal on Tuesday gave the company until Oct. 17 to respond to a list of questions that also includes whether the company investigated its supply chain and cooperated with U.S. law enforcement. In Bloomberg Businessweek’s report, one official said investigators found that the Chinese infiltration through Super Micro reached almost 30 companies, including Amazon.com Inc. and Apple Inc. Super Micro and both Amazon and Apple disputed the findings.

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