Apple (AAPL) Offering Possible 30.89% Return Over the Next 6 Calendar Days

Apple’s most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $212.50 short call and a strike $217.50 long call offers a potential 30.89% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $212.50 by expiration. The full premium credit of $1.18 would be kept by the premium seller. The risk of $3.82 would be incurred if the stock rose above the $217.50 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 41.52 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

Optical products maker II-VI to buy Finisar for $3.2 billion
Fri, 09 Nov 2018 10:55:28 +0000
(Reuters) – Laser and optical components maker II-VI Inc (IIVI.O) said on Friday it would buy Apple Inc supplier Finisar Corp (FNSR.O) for about $3.2 billion (2.4 billion pounds), to expand in consumer …

[$$] There is a point when the Apple image fades
Fri, 09 Nov 2018 10:54:42 +0000
You are right on when it comes to Apple (“ Apple’s vanishing trick sparks iPhone fears ”, November 3). Not being a teenager or the wealthy parent of one, for more than a decade I bought iPhones, iMacs, …

Optical products maker II-VI to buy Finisar for $3.2 bln
Fri, 09 Nov 2018 10:51:50 +0000
Laser and optical components maker II-VI Inc said on Friday it would buy Apple Inc supplier Finisar Corp for about $3.2 billion, to expand in consumer electronics and fast-growing sectors such as autonomous …

Build it and they will come: Thai developers pour billions into retail
Fri, 09 Nov 2018 08:12:01 +0000
“I wanted to build something that would tell the million stories of ‘Thainess’,” says Chadatip Chutrakul, chief executive of Siam Piwat, the firm behind Iconsiam, a half-million-square metre (sqm) complex sits on the banks of Bangkok’s Chao Praya River. The retail sector is a rare bright spot in Thailand where the economy lags regional peers, even while growing at 4.6 percent. Developers have $4 billion in retail investments in the pipeline, outstripping new projects in Jakarta, Singapore or Kuala Lumpur.

[$$] FirstFT: Today’s top stories
Fri, 09 Nov 2018 06:53:06 +0000
was the senior executive identified in court papers as having met with the man at the heart of the 1MDB scandal in 2009, the FT has been told. Goldman has always maintained that it was duped by some of its Asia-based bankers, two of whom are facing criminal charges. A large slice of it is data centres — underpinning its growing range of online services, a key focus for the company as the smartphone market slows.

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