FirstEnergy Corp. (FE) Covered Calls
FirstEnergy Corp. is a diversified energy company. It holds directly or indirectly, all of the outstanding common stock of its eight electric utility operating subsidiaries: OE, CEI, TE, Penn, ATSI, JCP&L, Met-Ed and Penelec.
You can sell covered calls on FirstEnergy Corp. to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for FE (prices last updated Fri 4:16 PM ET):
FirstEnergy Corp. (FE) Stock Quote | ||||||
---|---|---|---|---|---|---|
Last | Change | Bid | Ask | Volume | P/E | Market Cap |
41.51 | +0.68 | 41.09 | 41.87 | 3.9M | 26 | 24 |
Covered Calls For FirstEnergy Corp. (FE) | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
Dec 20 | 42 | 0.65 | 41.22 | 1.6% | 16.2% | |
Jan 17 | 42 | 1.00 | 40.87 | 2.4% | 13.7% | |
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Extended Business Description
FirstEnergy Corp. is a diversified energy company. It is engaged in the generation, transmission and distribution of electricity, as well as energy management and other energy-related services through its subsidiaries. The company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services. The Regulated Distribution segment distributes electricity through FirstEnergy's utility operating companies, serving various customers within Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York. The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by FirstEnergy's utilities and the regulatory assets. The Competitive Energy Services segment supplies electricity to end-use customers through retail and wholesale arrangements, including competitive retail sales to customers primarily in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland, and the provision of partial POLR and default service for some utilities in Ohio, Pennsylvania and Maryland, including the utilities. FirstEnergy was founded in 1996 and is headquartered in Akron, OH.
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