I want to add to my Gilead Sciences (GILD) holdings by selling three (3) July 2016 Put Contracts (82.5 Strike). These options expire on July 15, 2016.
*Premium Collected: $610.00
By doing this trade – if I get put the additional 300 shares in Gilead, I will then have a total of 1000 shares. I am making this trade to get more exposure to both Equity and Healthcare – so collecting the premium is not the real end game here.
| Ticker | Current Price | Fair Value | Margin of Safety | Yield % |
| GILD | $83.22 | 124 | $40.78 | 2.1% |
*Excludes transaction costs.
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