American Electric (AEP) Offering Possible 20.48% Return Over the Next 22 Calendar Days

American Electric's most recent trend suggests a bullish bias. One trading opportunity on American Electric is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 20.48% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock dropped below the $85.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for American Electric is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for American Electric is bullish.

The RSI indicator is at 67.16 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 American Electric

American Electric Power Could Keep Powering Higher
Tue, 27 Oct 2020 12:35:00 +0000
For his second “Executive Decision” segment of Mad Money Monday night, Jim Cramer spoke with Nick Akins, chairman, president and CEO of the utility American Electric Power . Akins said that AEP continues to invest to meet the changing needs of our economy. Since Covid-19 began, Akins said power demand for residential has increased as people spend more time at home, while commercial and industrial demand has plunged.

Biden Win Would Prop Up American Electric Power's Renewable Energy Plans, CEO Says
Tue, 27 Oct 2020 06:45:48 +0000
American Electric Power Company Inc (NASDAQ: AEP) CEO Nick Akins discussed his company's clean energy plans with CNBC's Jim Cramer on the “Mad Money” show, Monday.What Happened: The power distribution giant reported a decent earnings quarter last week with slightly higher-than-expected earnings per share guidance for the fourth quarter. Atkins said the company is carrying on with its capital expenditures regardless of what is going on with the economy.The economy's commercial and industrial segments are bouncing back as people start moving out of their houses and the economy opens.The company has been committed to increasing power generation from renewable energy, which can be seen in its latest 50-MW output purchase from Columbus Solar Park.Commenting on how the November presidential election impacts the company's renewable energy plans, Atkins said American Electric would continue with its clean energy plans regardless of the election outcome as shareholders expect them to move in that direction.”If a Biden administration comes in, we certainly expect more aggressiveness in terms of the targets, but we're already moving forward very quickly, and we'll continue to focus on that as we move forward,” Atkins said.Why It Matters: The Democratic presidental nominee has a $1.7 trillion plan to address climate change compared to President Trump, who wants the growth of both oil and coal industries, CNBC reports.Atkins said that American Electric has reduced carbon emissions by 65% in the last two decades and they expect to reduce 70% further by 2030.To achieve sustainable energy goals, the company plans to invest more than $2 billion in renewable energy by 2024 by building more wind and solar capabilities and creating a modern power grid.See more from Benzinga * Click here for options trades from Benzinga * Asian Markets Today: Shares Plunge After Wall Street's Decline * Hasbro Shares Fall As Margin Improvements Fail To Impress(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

AEP Energy Partners Signs Letter Of Intent To Purchase 50-MW Output From Columbus Solar Park
Mon, 26 Oct 2020 13:00:00 +0000
AEP Energy Partners, a subsidiary of American Electric Power (Nasdaq: AEP), has signed a letter of intent with BQ Energy Development, LLC to purchase 100% offtake of the Columbus Solar Park being developed southwest of downtown Columbus, Ohio.

Whirlpool and 3 Other Companies That Raised Their Dividends This Week
Sat, 24 Oct 2020 12:00:00 +0000
Whirlpool, Crown Castle International, American Electric Power, and Avery Dennison were among the U.S. companies that announced dividend increases this week.

American Electric Power Inc (AEP) Q3 2020 Earnings Call Transcript
Thu, 22 Oct 2020 19:01:03 +0000
AEP earnings call for the period ending September 30, 2020.

Be Sociable, Share!

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.