Amgen 6 : Cash Secured Puts

July 11, opened a new position on AMGN.

Open Interest Chart

OTM puts @175 and 170 (weak support point. OTM calls @190 (strong resistance point) .

Options Volume Chart

Strong movement around ITM put@ 180 and OTM put@175. Expiry Jul 19 won’t be a easy week. As usual I stay under 1 STD.

Conclusion: sold 1CSP, strike 170@0.67 , expiry July 19. Weekly return 0.39%, AROI 17,9%

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