Alcoa (AA) Offering Possible 42.86% Return Over the Next 17 Calendar Days

Alcoa's most recent trend suggests a bullish bias. One trading opportunity on Alcoa is a Bull Put Spread using a strike $58.00 short put and a strike $53.00 long put offers a potential 42.86% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $58.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock dropped below the $53.00 long put strike price.

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

Soaring Natural Gas Prices Are Weighing On Global Aluminum Production
Fri, 31 Dec 2021 20:00:00 +0000
While most aluminum producers operate on long-term power contracts, rising energy costs have hit some smelters particularly hard

Alcoa (AA) Dips More Than Broader Markets: What You Should Know
Thu, 30 Dec 2021 22:45:10 +0000
Alcoa (AA) closed at $59.21 in the latest trading session, marking a -0.7% move from the prior day.

Aluminum Climbs With Output Facing Pressure in Europe, China
Thu, 30 Dec 2021 18:20:22 +0000
(Bloomberg) — Aluminum rose as investors weighed fresh signs of pressure on output, with Alcoa Corp. planning to shut a European plant and Beijing vowing to cut carbon emissions from China’s huge army of smelters.Most Read from BloombergHawaii Is Rethinking Tourism. Here’s What That Means for YouGhislaine Maxwell Found Guilty in Win for Epstein VictimsPutin Satisfied With Biden Call, Sets Stage for Security TalksCDC Tells Even Vaccinated to Avoid Cruises; Shares TumbleT Cells Come to the Rescue

Alcoa temporarily curtailing San Ciprián smelter
Thu, 30 Dec 2021 14:44:53 +0000
Pittsburgh-based Alcoa Corp. signed an agreement on Dec. 29 to temporarily curtail the use of its San Ciprián smelter at its aluminum plant in Spain.

Alcoa to Curb Aluminum Output in Spain as Energy Costs Soar
Wed, 29 Dec 2021 21:49:29 +0000
(Bloomberg) — Alcoa Corp. is set to halt primary aluminum production at its plant in Spain for two years, the latest casualty of soaring energy prices in Europe.Most Read from BloombergGhislaine Maxwell Found Guilty in Win for Epstein VictimsMercedes Swept Up in China Internet Furor Over Models’ EyesApple Aims to Prevent Defections to Meta With Rare $180,000 Bonuses for Top TalentTwo Doses of J&J’s Vaccine Slashes Omicron Hospital StaysThe curbs at Europe’s second-largest aluminum plant come af

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