The next section of our analysis focuses on call butterfly, iron condor, bull call spread and bear put Spread option strategies and how adequately their profit potential has been realised in the case of Teva Pharmaceutical (Teva), BioMarin Pharmaceutical (BMRN), HCA Healthcare (HCA), Merck (MRK), and Fresenius Medical Care (FMS).
As the equity valuation sub-section of the analysis showeded, we chose to look at the closing prices of the underlyings we picked the month in 2020 when these registered their highest sales volume. Teva’s prices to review ranged from July 2019 to June 2020, BioMarin’s from September 2019 to August 2020, HCA’s prices from May 2019 to April 2020, Merck stock prices from October 2019 to September 2020, and Fresenius’ closing prices from June 2019 to May 2020. To begin with, the Call Butterfly stra