TAK | A Stock Idea For The Wheel Strategy

Why TAK could be a Good Stock for the Wheel Strategy

• Takeda Pharmaceutical Company Limited (TAK) is currently hovering around $17.
• Fundamental analysis shows it is a well-diversified pharmaceutical company with a wide range of drugs.
• Takeda is also involved in developing a COVID-19 vaccine/treatment.
• Price around $16, $17 seems to be good support/resistant lines.
• Around 3% / month return with a cash-secured account selling $16 strike 2 months DTE.