Edison (EIX) Offering Possible 9.89% Return Over the Next 20 Calendar Days

Edison's most recent trend suggests a bullish bias. One trading opportunity on Edison is a Bull Put Spread using a strike $62.50 short put and a strike $57.50 long put offers a potential 9.89% 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 $62.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $57.50 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 65.33 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

Southern California Edison Declares Dividends
Thu, 26 Apr 2018 20:36:00 +0000
The Board of Directors of Southern California Edison Company today declared the following dividends:

More Renewable Energy Helps Fight Climate Change
Wed, 25 Apr 2018 19:46:00 +0000
According to the National Weather Service, cities across Southern California Edison’s service territory experienced similar record-breaking heat. Temperatures across the globe are rising due to climate change and GHG emissions. According to the Environmental Protection Agency, “Greenhouse gases from human activities are the most significant driver of observed climate change since the mid-20th century.” Climate change and its impacts is one of the reasons SCE has been making the move toward more renewable energy sources, such as solar and battery storage.

PG&E, Edison Gain a Shield From Some Wildfire Liability in Bill
Tue, 24 Apr 2018 18:54:28 +0000
Utility giants PG&E Corp. and Edison International could gain at least some protection against future wildfire damages under a bill that’s advancing in California’s legislature.

PG&E, Edison Surge as California Amends a Bill on Wildfires
Tue, 24 Apr 2018 18:54:28 +0000
California utility giants PG&E Corp. and Edison International surged on Tuesday as California policy makers amended a bill to address future wildfire damages that the companies may be on the hook for. California senators were amending legislation on Tuesday to detail what utilities may be responsible for covering if their power lines were the cause of future wildfires, Paul Payne, a spokesman for state Senator Bill Dodd, a sponsor of the bill. PG&E surged as much as 7.3 percent on the news, and Edison jumped 4.1 percent.

Comparing Sempra Energy’s Payout Ratio to Its Peers’
Mon, 16 Apr 2018 19:45:02 +0000
Sempra Energy’s (SRE) payout ratio in 2017 was close to 73%, fairly high compared to its five-year average payout ratio of ~59%.

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