I decided to ignore my longer term rebalancing plan, and try to add to my Gilead Sciences (GILD) holdings by selling three (3) August 2016 Put Contracts (79 Strike). These options expire on August 26, 2016.
*Premium Collected: $510.00
By doing this trade – if I get put the additional 300 shares in Gilead, I will then have a total of 1000 shares. If I don’t get put the shares – I will still keep the $510.00.
| Ticker | Current Price | Fair Value | Margin of Safety | Yield % |
| GILD | $79.50 | 124 | $44.5 | 2.17% |
*Excludes transaction costs.
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