Edison (EIX) Offering Possible 19.05% Return Over the Next 16 Calendar Days

Edison's most recent trend suggests a bullish bias. One trading opportunity on Edison is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 19.05% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $52.50 long put strike price.

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

The RSI indicator is at 66.8 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 Edison

What's in Store for Edison International (EIX) Q1 Earnings?
Mon, 27 Apr 2020 14:09:02 +0000
Edison International's (EIX) service territories witness below-normal cold temperatures in March, which is expected to have favorably impacted revenues in first-quarter 2020.

Helping Communities During COVID-19 Emergency
Fri, 24 Apr 2020 23:03:00 +0000
Edison International and its employees give more than $1.2 million to nonprofits.

Southern California Edison Declares Dividends
Thu, 23 Apr 2020 20:10:00 +0000
SCE Q1 2020 Dividends Announced

Advisory for Thursday, April 30: Edison International to Hold Conference Call on First Quarter 2020 Financial Results
Wed, 22 Apr 2020 23:50:00 +0000
Media Advisory for EIX 2020 Q1 Earnings Conference Call – April 30, 2020

Is Edison International (NYSE:EIX) Creating Value For Shareholders?
Thu, 16 Apr 2020 11:48:24 +0000
Today we are going to look at Edison International (NYSE:EIX) to see whether it might be an attractive investment…

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