Amgen 2 : Cash Secured Put

May 2, I am going to open a new position on Amgen.

According Morningstar , Amgen Fair Value is about $205. Company pays a good dividend too . This operation could be a fine chance for income seekers.

Open Interest Chart

OTM call @180 and 177.5 ; OTM put @170 and 165

Option Volume Chart

Good movement around 170. Here I am going to look for my entry point.

Conclusion: Sold 1 CSP, strike 170@0.82. Weekly return 0.48%. Aroi 22%

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