January 6, opened a new position on BIIB.
Open Interest Chart
OTM puts: strong position @290; OTM calls @292.5 (first resistance sign)
Options Volume Chart
Good premium @292.5 and @295
Until now, selling cash secured puts, I accumulated $4.87 per share in premium. As I have been assigned @292.5 last week, my adjusted cost basis is now $287.63.
Conclusion: January 6 , sold Covered Calls strike 295@1.25. Expiry January 10. 4 days return 0.43% ,AROI 39.23%