ABBV Options Signal Bullish Bias: Key Strikes at $220 and $240 Offer Strategic Entry Points for Traders

• ABBV trades at $217.22, down 0.4% from its 52-week high of $235.75
• Options market shows 33% more call open interest than puts (ratio: 0.88)
• RSI at 39.69 suggests oversold conditions near Bollinger Band support

Here’s what the data tells us: ABBV is sitting at a crossroads. Technicals hint at a potential rebound from key support, while options activity reveals a clear tilt toward bullish positioning. Let’s break down why this could be a setup for traders to act.

The Bullish Call Stack and Bearish Safety Net

Options market sentiment is leaning hard into calls. This Friday’s $220 strike (ABBV20260123C220) has 1,137 open contracts—the highest of any OTM call. That’s not just noise: it’s a vote of confidence from options players who expect a rebound above current levels. The next Friday’s $240 call (ABBV20260130C240) has even more open interest (1,212 contracts), suggesting some are betting on a sharper rally.

But don’t ignore the puts. The $210 strike (ABBV20260123P210) has 541 open contracts this week. That’s the bearish floor—think of it as a "seatbelt" for the trade. If ABBV cracks below $215.88 (today’s low), that put could see action. No major block trades today, so this is retail and institutional money quietly lining up positions.

No News, But That’s a Feature

There’s no recent headlines to muddle the picture. That’s actually good news. Without earnings reports or drug approvals to sway sentiment, the market is focusing on pure technical setups. Think of it like a calm lake—small ripples (like options flows) become easier to read. This means the $220 call stack isn’t reacting to external noise; it’s a clean signal of positioning.

Trade Ideas: Calls for Aggressive Plays, Stock for Cautious Grinders

For options traders: The ABBV20260123C220 call is your near-term play. With the stock hovering just below $218, a break above $219.82 (today’s high) could trigger a rush to cover those short puts. If you want to stretch time, the ABBV20260130C240 call offers leverage on a bigger move—though it’s a longer shot.

For stock buyers: Consider entries near $215.88 if the price holds. Your first target is the $220 resistance zone (where all that call money lives). A break above that could push toward the 30-day MA at $223.97. For downside protection, the $210 put strike is your stop-loss benchmark.

Volatility on the Horizon

This isn’t a high-conviction all-in trade—yet. The RSI at 39.69 suggests we’re not in a free-fall, but the MACD (-2.84) still shows bearish momentum. That means the $220 call stack could be a race against time. If ABBV doesn’t break out by Friday, the next week’s $240 calls become more relevant. Either way, the options market has handed us a roadmap. The question is whether you’ll follow it—or wait for the next headline to tell you what to do.