Biogen : Covered Calls

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%

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