4 Trade Ideas for AbbVie: Bonus Idea

  • Posted by on August 24th, 2026 at 7:15 am

Here is your Bonus Idea with links to the full Top Ten:

AbbVie, $ABBV, comes into the week rising towards resistance and just a dollar off its all-time high. It has an RSI in the bullish zone with the macd positive and rising as the Bollinger Bands® open higher to allow a move. There is no resistance above 267. Support is at 260 then 253. Short interest is low at 1.3%. The stock pays a dividend with an annual yield of 2.61% and has treated ex-dividend since July 15th.

The company is expected to report earnings next on October 29th. The September options chain has biggest open interest at the 240 put strike and then at both 270 and 280 on the call side. In the October chain open interest is biggest at 200 and 190 on the put side. On the call side it is large from 240 to 280 but biggest at 260 to 280. Finally, in the November chain, open interest is biggest at 220 on the put side and then at 280 and 290 on the call side.

AbbVie, Ticker: $ABBV

Trade Idea 1: Buy the stock on a move over 267 with a stop at 257.

Trade Idea 2: Buy the stock on a move over 267 and add an October 260/240 Put Spread ($6.00) while selling the November 300 Call ($4.00).

Trade Idea 3: Buy the September/October 280 Call Calendar ($3.50) while selling the October 240 Put ($2.50).

Trade Idea 4: Buy the October 240/280/290 Call Spread Risk Reversal (40 cents).

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday, which with the August options expiration in the books and heading into next week’s Fed Jackson Hole Economic Symposium, saw equity markets remain a bit unsettled as the Treasury’s reaction to rising bond yields spook the Dollar and Gold.

Elsewhere, look for Gold to continue the uptrend with Crude Oil bouncing in a downtrend. The US Dollar Index looks to continue the move lower in consolidation while US Treasuries continue the move lower at 22 year lows in price. The Shanghai Composite looks poised to reverse higher while Emerging Markets gather upward momentum in their uptrend.

The Volatility Index looks to continue in the normal zone at the lows of the year keeping a slight tailwind behind equities. They could use that as the charts of the SPY and the IWM are pulling back to support on the shorter timeframe after making new all-time highs, while the QQQ is also at support but after falling from a lower high. They all continue to look strong on the longer timeframe consolidating at the highs. Use this information as you prepare for the coming week and trad’em well.