Options Spotlight: AES Corp.
Looking for a company to keep your eye on? This week’s edition of Options Spotlight takes a look at AES Corp.
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PowerRating) – a struggling technical performer that has garnered the attention of the bulls.
The firm is 1 of the world’s leading independent power producers. The company has interests in more than 120 generation facilities in about 30 countries throughout the Americas, Asia, Africa, Europe, and the Middle East that give it a combined net generating capacity of 43,000 megawatts. AES sells electricity to utilities and other energy marketers through wholesale contracts or on the spot market. AES also sells power directly to customers worldwide through its interests in distribution utilities, mainly in Latin America.
In the Options Spotlight, I shine a light on what’s happening in the options world. In the case of AES Corp., call activity has been brisk on the shares as investors attempt to call a bottom to the security’s downtrend. What’s more, options players aren’t the only ones looking for a rally in the shares.
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