Roll Gilead December Straddle

Roll Gilead December 2016 $72.50 Call Option (GILD_121616C72.5) into Gilead February 17, 2017 (3rd week) $77.50 Call (GILD_021717C77.50) up to $6.

Roll Gilead December 2016 $72.50 Put Option (GILD_121616P72.5) into Gilead February 17, 2017 (3rd week) $77.50 Put (GILD_021717P77.50) up to $5.

Rationale for trade: 

Certain biotech stocks, such as Gilead are likely to respond to changes in the healthcare system brought about by Trumpcare.  This trade has yet to develop fully, yet has an excellent chance to deliver a significant profit once the stock breaks up or down. 

Disclosure: I own this option.

Stock Talk

Add New Comments

You must be logged in to post to Stock Talk OR create an account