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Top Trades for Fri, 03 May 2019 10:09 – GILD

By phil
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GILD/Batman - I think they had a good CC with new CEO talking about building up pipeline, which is just what investors wanted to hear.  If you have May $70s, I wouldn't worry as you're still 5% away from even having to roll them and probably 10% away from trouble.

Those are the kind of earnings that, if you are nervous, just buy more longs!  No sense in paying premium to a caller out of fear when you can still buy the GILD 2021 $65 ($9.80)/$75 ($5.80) bull call spread for $4 (and you can still sell the $55 puts for $4.30 which makes it a free $10 spread!).  

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Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

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