Healthcare
AMGN
Amgen Inc.
Dividend income from Amgen (AMGN) with covered calls and cash secured puts. Mature biotech with strong cash flow.
Monthly Premium1.2-2.0%
Annualized Return14-24%
Stock Price$290-320
IV RankModerate (30-45)
Options LiquidityGood
Dividend Yield3.0%
Why AMGN for Covered Calls & Cash Secured Puts?
AMGN is a mature biotech with strong dividend and cash flow. Obesity drug pipeline provides growth catalyst. Diversified drug portfolio.
Example Covered Call Trade
AMGNCovered Call
Strike Price$320 (6% OTM)
Expiration30 days
Premium$5.00 per share
Return If Flat1.7% ($500)
Return If Called7.4% ($2,200) + dividend
Keep Probability71% keep shares
Recommended Strategy for AMGN
Income-focused with calls 5-7% OTM. Good for biotech income exposure.
Risks to Consider
- Biosimilar competition
- Patent expirations
- Pipeline execution
- High debt from Horizon acquisition
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