This Red-Hot Fintech Stock Has Room to Run

KeyCorp stock just cleared some technical hurdles

Oct 5, 2021 at 1:47 PM
facebook X logo linkedin

The shares of KeyCorp (NYSE:KEY) recently broke above $21, a level that has acted as resistance since mid-June. In addition, the security is sitting just above its $20 billion market cap level and announced a share repurchase program in early September. With all these technical factors in place, now looks like the perfect time to purchase KEY calls.

Despite KEY's outperformance on the charts, analysts remain on the sidelines. Of the 14 in coverage, 9 maintain a "hold" or "sell" rating. Meanwhile, the shares are cling in on KEY's consensus 12-month price target of $22.79. This indicates a round of upgrades and/or price-target hikes could be in store, which would in turn push KEY higher.
There's pessimism left to unwind in the options pits, too, per KEY's 20-day put/call volume ratio at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio sits in the 96th percentile of its annual range, meaning puts are being picked up a relatively quicker-than-usual clip.
The good news for those looking to speculate with options, is they can be had for a bargain. KeyCorp stock's Schaeffer's Volatility Index (SVI) of 32% sits below all but 26% of annual readings, implying options traders are pricing in relatively low volatility expectations for the equity at the moment. Our recommended January call has a leverage ratio of 5.9 and will double on a 15.9% pop in the underlying shares.
Subscribers to Schaeffer's Weekend Trader options recommendation service received this KEY commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI