$NVO

NVO Covered Call

Filled View on X

Strategy Covered Call

Entry date Oct 1, 2026

Net $29.00 debit

Legs

Action	Qty	Expiry	Strike	Type	Premium
Buy	100	-	-	Stock	$37.93
STO	1	Sep 17, 2027	32.50	Call	$8.93

Supporting documents

Trade thesis

$NVO buy-write 💉

Buy 100 @ $37.93
STO Sep 17 ’27 $32.50 call (deep ITM)

Net debit: $29.00/share ($2,900)

Called away at $32.50 → +$3.50/share = 12.1% in 11.6 mo ≈ 12.5% annualized

+ ~$1.80 in semi-annual dividends (Mar + Aug) → total max ~18.3% (~19.0% ann.)

Breakeven $29.00 = 23.5% downside cushion.

NVO 74% off its 2024 high, 3.1% yield.