Apple Inc (NASDAQ:AAPL) stock is on the rise, currently trading at $271.69 with a 0.6% increase, thanks to record iPhone sales. The stock broke above a bullish trendline and could soon reach its record high of $288.62 set on Dec. 3.

Historically, when AAPL’s 50-day moving average crosses over, the stock tends to rise. This has happened 16 times in the last three years, resulting in a 75% chance of a 3.3% increase one month later, potentially pushing the stock above $280.

Short-term options traders are bullish on AAPL, with the put/call open interest ratio ranking in the 4th percentile of its annual range. Options could be an attractive route for investors, as the Schaeffer’s Volatility Index shows low volatility expectations at 2%, ranking in the low 8th percentile from the last 12 months.

Read more at Yahoo Finance: AAPL Just Crossed Over a Historically Bullish Trendline