Abt has been going up for the past couple of days. I'll be looking to sell covered calls at 49 if it can make another 50 cents to a dollar/share. Selling covered calls is the way to make money (beside the dividend) in this stock.
If the stock closes at 49 or above on May 20 I'll lose the stock. I'll use the proceeds from the stock sell to diversify out of Abt stock or exercise Abt options at 33.23 that were granted to me by the company. Ideally, the stock will close at less than 49, I'll keep the stock and the call premium and repeat the process using August calls. I just feel this stock has a limited upside.