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.

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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.

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