ABBV – Oven Baked Election Proof – update

#sleepatnight

Original setup:

On 09/09/2020: BTO ABBV stock @ $92.19 
STO ABBV Nov: 90 call @ $5.25

BTO ABBV Jun 2022: 120 put : @ $38.42

ABBV pays a $4.72 per share dividend (5.1% yield).

Update: 11/17/2020: Stock is @ $99.70. A couple of short call rolls to the March 100 calls @ $5.62. (for essentially a scratch).

The stock is up $7.40 and the protective puts are down $7.00.

Payday comes when the short calls expire worthless (one day).

The setup is doing what it should do.