4 Trade Ideas for AbbVie: Bonus Idea

• Posted by Greg Harmon
• on August 4th, 2025

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

AbbVie, $ABBV, comes into the week approaching resistance. It has a RSI on the cusp of a move into the bullish zone with the MACD flat and positive. There is resistance at 198.75 and 201.75 then 206 and 210.50 before 214.75 and 217. Support lower is at 195.25 and 191.50. Short interest is low under 1%. The stock pays a dividend with an annual yield of 3.36% and has traded ex-dividend since July 15th.

The company is expected to report earnings next on October 28th. The August options chain has biggest open interest at the 190 then 195 and 175 strikes on the put side and at 200 and 210 on the call side. The September chain has biggest open interest at the 175 put and builds from 180 to a peak at 220 on the call side. In the October chain action is just getting started and open interest is biggest at the 160 put and the 220 call. Finally, in the November chain, open interest is biggest at the 170 put strike and the 210 call strike.

AbbVie, Ticker: $ABBV

Trade Idea 1: Buy the stock on a move over 199 with a stop at 191.

Trade Idea 2: Buy the stock on a move over 199 and add a September 195/190 Put Spread ($2.05) while selling the November 220 Call ($2.05).

Trade Idea 3: Buy the September/October 210 Call Calendar ($1.55) while selling the September 175 Put ($1.25).

Trade Idea 4: Buy the November 180/200/220 Call Spread Risk Reversal ($2.80).

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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 heading into another big week in earnings season, saw equity markets looking rattled following a 2 day move lower.

Elsewhere, look for Gold to continue to consolidate in its uptrend while Crude Oil drifts in consolidation. The US Dollar Index continues the intermediate term move to the downside near 3 year lows while US Treasuries continue to consolidate in their downtrend. The Shanghai Composite looks to consolidate the move to the top of the broad consolidation area while Emerging Markets see their short term uptrend threatened.

The Volatility Index looks to continue to rise just above normal levels making life more difficult for equity markets to the upside and threatening a pullback. The charts of the SPY and QQQ are breaking their short term moving averages for the first time since late April and look ripe for more downside. The IWM is slightly weaker as it drops below its 50 day SMA. Use this information as you prepare for the coming week and trad’em well.

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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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