Southern Company (SO) Offering Possible 14.94% Return Over the Next 36 Calendar Days

Southern Company's most recent trend suggests a bullish bias. One trading opportunity on Southern Company is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 14.94% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock dropped below the $67.50 long put strike price.

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

The RSI indicator is at 73.65 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 Southern Company

Optimism for Southern (NYSE:SO) has grown this past week, despite five-year decline in earnings
Mon, 11 Apr 2022 18:05:42 +0000
The main point of investing for the long term is to make money. Better yet, you'd like to see the share price move up…

Volta Launches PredictEV® Fleet Product to Accelerate Transition of Commercial Fleets to Electric Vehicles
Mon, 11 Apr 2022 13:00:00 +0000
SAN FRANCISCO, April 11, 2022–Volta Inc. (NYSE: VLTA), an industry-leading electric vehicle (“EV”) charging network powering vehicles and commerce, today announced the launch of PredictEV® Fleet, the second product within its suite of machine learning and artificial intelligence (“AI”) solutions for infrastructure planning, with a multi-year commitment from Southern Company (NYSE: SO), the second-largest utility company in the United States.

Southern Company, in partnership with Volta, now offering sustainable software solutions to companies transitioning from commercial fleets to electric vehicles
Mon, 11 Apr 2022 13:00:00 +0000
Southern Company today announced a significant step in electric transportation solutions for companies looking to transition commercial fleets to electric vehicles (EV). Having worked with Volta Inc. previously on optimizing EV siting analytics, Southern and Volta today announce PredictEV® Fleet – a product that will allow Southern Company to inform and advise customers on the right fleet electrification strategy to meet their needs in the most efficient and thorough way.

Southern Company first-quarter earnings to be released April 28
Fri, 08 Apr 2022 14:00:00 +0000
Southern Company plans to release its earnings for the first quarter of 2022 by 7:30 a.m. EDT on Thursday, April 28, 2022.

Tech Goes From Haven to Hazard as Investors Fear Recession
Wed, 06 Apr 2022 20:00:15 +0000
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