Southern Company (SO) Offering Possible 5.93% Return Over the Next 27 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 $50.00 short put and a strike $45.00 long put offers a potential 5.93% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.00 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $45.00 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 59.48 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

Georgia Power restores power to nearly 90,000 customers following Hurricane Sally; announces estimated restoration times for those remaining
Thu, 17 Sep 2020 22:59:00 +0000
Georgia Power made significant progress Thursday after the remnants of Hurricane Sally made its way across the state. With efforts beginning overnight, Georgia Power personnel continue working to restore power for customers statewide.

Georgia Power responds to outages after Hurricane Sally crosses the state
Thu, 17 Sep 2020 17:30:00 +0000
Georgia Power's restoration efforts began overnight and continue today after the remnants of Hurricane Sally made its way across the state. Georgia Power personnel continue to work around the clock and are responding to approximately 675 individual cases of damage, resulting in approximately 28,000 customers without power as of 11 a.m. EDT.

Georgia Power crews scheduled to assist with Hurricane Sally recovery
Thu, 17 Sep 2020 00:46:00 +0000
As Hurricane Sally makes its way across Alabama, Georgia Power is ready to respond after receiving requests for assistance from Alabama Power, a Southern Company subsidiary. Due to the strength of the Southern Company system, personnel and key resources can be quickly and safely moved between system companies to assist with storm restoration. Georgia Power crews and support teams will travel to impacted areas as weather permits, while the company continues monitoring the changing weather conditions and adjusts plans and responses as needed.

Energy Policy Expert Colette Honorable to Join Southern Company Board of Directors
Wed, 16 Sep 2020 13:00:00 +0000
The Board of Directors of Southern Company today announced the election of Colette D. Honorable as an independent director, effective Oct. 1, 2020. Honorable will join the Business Security and Resiliency Committee, and the Finance Committee.

Georgia Power prepares for Hurricane Sally
Tue, 15 Sep 2020 15:49:00 +0000
As Hurricane Sally tracks through the Gulf of Mexico, with forecasts of an eastward turn toward Georgia after landfall, Georgia Power is actively monitoring the storm, adjusting plans for response and coordinating with emergency partners.

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