Apple (AAPL) Offering Possible 31.81% Return Over the Next 28 Calendar Days

Apple’s most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $122.50 short call and a strike $130.00 long call offers a potential 31.81% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $122.50 by expiration. The full premium credit of $1.81 would be kept by the premium seller. The risk of $5.69 would be incurred if the stock rose above the $130.00 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 55.01 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

Apple Announces Second Annual Apple Music Awards
Thu, 19 Nov 2020 05:00:00 +0000
Apple® today announced the winners of the second annual Apple Music® Awards, recognizing the best and boldest musicians of 2020 and their enormous impact on global culture. The Apple Music Awards honor achievements in music across five distinct categories, and winners are chosen through a process that reflects both Apple Music’s editorial perspective and what customers around the world are loving most. The winners for global Artist of the Year, Songwriter of the Year, and Breakthrough Artist of the Year were hand-selected by Apple Music’s global editorial team of world-class experts and tastemakers, and the awards for Top Song of the Year and Top Album of the Year are based on streaming data that is reflective of what Apple Music subscribers have been listening to this year.

TSMC Wins Approval From Phoenix for $12 Billion Chip Plant
Thu, 19 Nov 2020 02:59:32 +0000
(Bloomberg) — City officials in Phoenix, Arizona approved a slate of financial incentives and government support for Taiwan Semiconductor Manufacturing Co.’s planned $12 billion chip plant, a step toward bringing high-tech manufacturing to the U.S. and addressing national security concerns over the industry supply chain.The city agreed to provide about $200 million to develop roads, sewers and other infrastructure, according to a notice from the city council. At least one additional traffic light will be included for a cost of approximately $500,000. The company is conducting due diligence on several locations in Phoenix with a final decision to be made later.The decision to locate a plant in Arizona came after the Trump administration warned about the threat inherent in having much of the world’s electronics made outside of the U.S. TSMC, the primary chipmaker for companies like Apple Inc., had negotiated a deal with the administration to create American jobs and produce sensitive components domestically for national security reasons. The Phoenix project is projected to create about 1,900 new jobs over five years, the company said.“We appreciate the continuous bipartisan support from the U.S. federal, state and city governments,” a spokeswoman for the company said. “It gives TSMC and its supply chain partners the confidence this and other future investments will be successful.”TSMC has said that it hopes to convince its own suppliers to set up operations in the vicinity of its new fabrication facility over time. Chip giants Intel Corp. and Micron Technology Inc. already operate facilities in the western state and have helped build a vibrant local semiconductor industry over the years.TSMC had said that subsidies would be critical in setting up a fab in the U.S., given the additional expenses involved. While Phoenix has approved its infrastructure spending, TSMC is still waiting on state and federal subsidies and incentives that could surpass by far the city’s expenditures.A representative for the city council declined to comment beyond statements in public documents.“It is remarkable that this came to fruition during a pandemic,” said Mayor Kate Gallego in a statement. “The payoff is huge. TSMC will create 1,900 high-tech jobs and foster thousands more related jobs in the semiconductor supply chain ecosystem.”(Updates with company comment in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Apple To Pay US States $113M To Settle Allegations It Deliberately Slowed Down Older iPhones
Thu, 19 Nov 2020 02:35:07 +0000
Apple Inc (NASDAQ: AAPL) has agreed to settle allegations with 33 U.S. states that it throttled the speed of its iPhones to mask battery issues and encourage users to purchase new devices.What Happened: California Attorney General Xavier Becerra announced the $113 million settlement, also revealing that his state would receive $24.6 million of the proceeds.Becerra alleged that the Tim Cook-led company “withheld information” about its batteries that slowed down iPhone performance while making its actions look like an “update.””Today’s settlement ensures consumers will have access to the information they need to make a well-informed decision when purchasing and using Apple products,” said Becerra.In addition to the monetary settlement, the Cupertino, California-based tech giant has also agreed to injunctive terms, as per the attorney general.The terms include having a webpage available for consumers — which details how the company manages battery performance issues, making changes in the iPhone’s settings menu, and training its consumer-facing staff on compliance with the injunction.Why It Mattered: In March, the tech giant settled a 0 million lawsuit that claimed it slowed down older iPhone models in order to coax users to buy new phones or replacement batteries. The minimum sum that Apple would have to pay for that settlement is $310 million.France’s competition and fraud watchdog also fined Apple $27 million (EUR 25 million) over slowing down older iPhones in February, as per the BBC. Price Action: Apple shares closed 1.14% lower at $118.03 on Wednesday and fell 0.14% in the after-hours session.Related Link: Apple Reveals MagSafe Duo Pricing, Wattage, And It’s A Tough Pill To SwallowSee more from Benzinga * Click here for options trades from Benzinga * Apple Reveals MagSafe Duo Pricing, Wattage, And It’s A Tough Pill To Swallow * Apple Supplier Foxconn Starts Making Displays In Vietnam While Wisconsin Plans Remain Unclear(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Mac-optimized TensorFlow flexes new M1 and GPU muscles
Wed, 18 Nov 2020 22:38:20 +0000
A new Mac-optimized fork of machine learning environment TensorFlow posts some major performance increases. Although a big part of that is that until now the GPU wasn’t used for training tasks (!), M1-based devices see even further gains, suggesting a spate of popular workflow optimizations like this one are incoming. The change from CPU-only to CPU+GPU could account for a great deal of the improvement, as the benchmarks on an Intel-based Mac Pro show huge gains on the same hardware.

Dow suffers worst loss in 3 weeks — YF Premium is bullish on Home Depot (HD)
Wed, 18 Nov 2020 22:31:13 +0000
Yahoo Finance’s Jared Blikre joins Seana Smith to break down the day’s price action in stocks as well as a long in Home Depot (HD), a Yahoo Finance Premium Investment Idea. Not a subscriber? Start your free trial to join our next webinar on Tuesday, December 8, 2020 at 2:00pm ET live!

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