Friday 5 , I am going to open a new position on AbbVie Inc.
According to Morningstar valuation, ABBV is trading about 19% under its fair value .
I give a look at this stock and with my usual preliminary analysis I am going to seek a good entry point.
OTM call@85 and small ITM call position@83. OTM put small irrelevant positions . On the whole I don’t see bearish signal . I try to stay under 1 STD or nearby .
High Volume @81 (OTM PUT) but over my STD. A compromise could be 80.50.
Conclusion : Sold 2 CSP, strike email@example.com, Exp. April 12 . Weekly return 0.4%, AROI (Annual Return) 24.6%.