AbbVie 2: Cash Secured Puts

April 11. Opened my second position. ABBV it’s undervalued and at this price I am available to own it.

This is the Morningstar valuation :

Open Interest

OTM puts @77.5 and 75 (supports) . OTM calls (resistance). A good positive sign is ITM calls@80

Options Volume 

Lot of ITM calls@75 and 77.5 . I will try to put my position near my STD.
Max Pain @80

Conclusion: Sold 2 CSP , strike78.5@30 . Exp April 18. Weekly return 0.38 Aroi 19.9%

Share on your social this article!