I added to my Gilead Sciences (GILD) trade today – selling three (3) June 2016 Put Contracts (82.5 Strike). These options expire on June 10, 2016 – before Gilead goes ex-dividend on June 14, 2016.
*Premium Collected: $606.00
By doing this trade – if I get put the additional 300 shares in Gilead, my per share price will break down as follows:
| Shares | Strike | Amount |
| 700 | $87.50 | $61,250.00 |
| 300 | $82.50 | $24,750.00 |
| Premium Collected: | -$2,006.00 | |
| Average Price: | $83.99 | $83,994.00 |
Remember, I am making these trades because I need more exposure to both Equity and Healthcare – so collecting the premium is not the real end game here.
Since it is Tuesday – need to include at least one article:
- The Street – Why Now’s the Time to Buy Shares of Gilead Sciences
*Excludes transaction costs.
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