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Apple Stock Is Mounting A Comeback; Why This Diagonal Spread Can Earn $500

Apple Stock Is Mounting A Comeback; Why This Diagonal Spread Can Earn $500

Apple closed near the high of Tuesday's trade. Apple's stock has also traversed back above the all-important 50-day moving average. Let's take a look at how we can use options to find a favorable risk-vs.-reward trade on the assumption that Apple stock moves 5% to 6% higher in the next month.