Biogen 6: Cash Secured Puts

October 17, opened a new position on BIIB.

Let’s see where buyers and sellers place their trades.

Open Interest Chart

OTM puts @210 (potential support)

Options Volume Chart

High OTM puts volume @215. Other good point @205.

Options MaxPain Chart

Max Pain @230

Conclusion: October 17, sold 1 CSP strike [email protected], expiry October 25. Weekly return 0.35%. AROI 16%.

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