EDISON long options plays 9/25Another drought play
NYSE:EIX
$75 17 nov call
$75 19 Jan call (the more conservative option, but also slightly pricer)
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Key stats
About Edison International
Sector
Industry
CEO
Pedro J. Pizarro
Website
Headquarters
Rosemead
Founded
1886
ISIN
BRE1IXBDR004
FIGI
BBG00R2596J3
Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies. The company was founded on July 4, 1886, and is headquartered in Rosemead, CA.
Edison International AnalysisEdison International, a company of a worthy name but unworthy financials.
For the past 7 years, their profit margin was between 5% and 10% per year, except in 2018 where it went negative. Let's call that a decent performance for a utility company, one bad year can happen to anyone.
But where thin
$EIX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $EIX after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 63.64%.
$EIX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $EIX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 60%.
EIX - Previous High Previous High Leading to a Future Low shown with a horizontal line. This is also contained within a drawn upward channel
A large inverted Head and Shoulders pattern can also be observed on chart
$EIX with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $EIX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
$EIX - two separate screeners have this stockManage your risk. I grabbed some calls on this for June 18 expiration.
I will cut it if it does not get above the volume shelf soon.
Good news is if you grab calls now, you are in for less than my entry.
EDISON INTERNATIONAL daily analysisHi friends
the daily chart of this market shows with a high probability that the first goal will be the level of 70.04 and if there will be a breakout at this level the second goal will be the level 80.17
EDISON INTERNATIONAL Strategy DailyHey guys, EDISON INTERNATIONAL is in a fake bearish movement with a small volume of sells and a shadow of sellers. On the TIMEFRAME M1 we see a panic with an abnormal sales volume, it goes towards its last previous lower to turn around. Great likelihood of reaching the high point (See TIMEFRAME H1)
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