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.
I have been trading options since 2010 and have been testing and experimenting with various trading styles. Fundamental Analysis based, Technical Analysis based, Trend Following, Day Trading, Swing Trading, etc.
My primary option trading strategies incorporate volatility and I am constantly experimenting with various trading strategies to improve my PNL.
I hold two Master’s degrees (MSc and MBA) with career experience as a cancer research scientist and a digital marketer.
My primary option trading strategies incorporate volatility and I am constantly experimenting with various trading strategies to improve my PNL.
I hold two Master’s degrees (MSc and MBA) with career experience as a cancer research scientist and a digital marketer.
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