Options Trade – Gilead Sciences (GILD)

Sold 7 January 2017 Call Contracts (77.50 Strike) against my Gilead Sciences (GILD) holdings:

*Premium Collected: $770.00

With valuations hitting record levels – I felt I needed to either lighten my equity holdings or increase my income – this trade accomplishes both these goals.

If Gilead rises above $77.50 per share – I will be forced to sell my shares at that strike price – but I keep the $770.00 premium regardless – my hope is that Gilead keeps rising slowly so I can sell calls each Month but keep the shares.

Ticker Current Price Fair Value Margin of Safety Yield %
GILD $75.07 98 $22.93 2.48%

*Excludes transaction costs.

z - even even smaller

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