Exelon (EXC) Offering Possible 6.38% Return Over the Next 20 Calendar Days

Exelon's most recent trend suggests a bullish bias. One trading opportunity on Exelon is a Bull Put Spread using a strike $42.00 short put and a strike $37.00 long put offers a potential 6.38% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $42.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $37.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Exelon 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 Exelon is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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 Exelon

Exelon Teams Win EPRI 2020 Technology Transfer Awards for Innovation
Thu, 25 Mar 2021 14:42:00 +0000
Three project teams led by Exelon engineers and innovators will receive the Electric Power Research Institute’s (EPRI) 2020 Technology Transfer Awards

Did You Miss Exelon's (NASDAQ:EXC) 24% Share Price Gain?
Thu, 25 Mar 2021 08:04:51 +0000
We believe investing is smart because history shows that stock markets go higher in the long term. But not every stock…

ComEd Grid Improvements Lay the Foundation for Post-Pandemic Business Growth
Wed, 24 Mar 2021 19:46:00 +0000
Helping to spark economic development in Illinois, ComEd, in 2020, completed infrastructure improvements that will help bring nearly 6,400 jobs and an investment of more than $2.7 billion to Illinois. These improvements enabled 17 new customer projects that represent 563 megawatts of new committed capacity – a one-year record for ComEd and equivalent to the amount of power required by more than 160,000 homes.

FERC Renews Conowingo Dam’s Operating License, Preserving Maryland’s Largest Source of Renewable Energy
Fri, 19 Mar 2021 19:55:00 +0000
Yesterday, Exelon Generation’s Conowingo Dam received a 50-year operating license from a unanimous Federal Energy Regulatory Commission. The license is a critical step forward for Chesapeake Bay restoration efforts and paves the way for long-term investments that will enhance water quality, fish and eel passage, aquatic habitats and debris removal. It also enables the continued operation of Maryland’s largest source of renewable energy, which generates safe, reliable power for tens of thousands of Maryland families and businesses.

Texas Plan to Claw Back $4 Billion in Power Charges Fizzles
Fri, 19 Mar 2021 17:28:43 +0000
(Bloomberg) — A move in Texas to wipe out more than $4 billion in electricity overcharges from last month’s devastating blackouts appears dead in the water after deeply divided lawmakers left town without taking final action on the proposal.“Repricing push ends with a whimper,” Josh Price, an analyst for Height Capital Markets, wrote in a note to clients on Friday. He added that the House is adjourned until Monday with no plans to pass the Senate repricing bill ahead of the Saturday deadline.The move is a blow to retail electricity providers and generators including Exelon Corp. that were forced to buy power at sky-high rates during the outages, which at its peak left more than four million homes and businesses without power. At least four companies have filed for bankruptcy.Texas’s independent market monitor had recommended that the utility commission correct $4.2 billion of about $16 billion in overcharges that occurred when the state’s grid operator left power prices at a $9,000 megawatt-hour cap for 32 hours after blackouts stopped.Texas Lieutenant Governor Dan Patrick, the state’s second most powerful politician, led the charge to roll back prices and called it the “right thing to do.” Patrick pushed a measure quickly through the state senate on Monday that required the pricing changes after the chairman of the utility commission refused to order them.Texas House Speaker Dade Phelan, a Republican, originally appeared cool to the idea of repricing, calling it an “extraordinary government intervention into the free market.”Adjusting the prices could prompt some investors to avoid the Texas energy market for fear of future retroactive price changes, and may even mean some proposed power plants don’t get built because of a lack of confidence over future payments, Brianna Lazerwitz, a BloombergNEF analyst, wrote in a report Friday. The concerns could even spill into other commodity markets, raising doubts about contracts for oil and natural gas, huge industries in Texas.“A resettling of prices now could completely undermine faith in the market,” Lazerwitz said. “It would mean undermining the integrity of investing in Texas, with adverse impacts rippling far outside of the state’s power market.”Retroactively rolling back prices would have been an unprecedented and controversial move, and some large power providers and the Intercontinental Exchange Inc. warned it could undermine confidence in Texas markets.A House committee advanced five bills on Thursday meant to prevent a repeat of the energy crisis.(Updates with comment from analyst in seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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