GILD/Pharm - Still a great value.

GILD is back where we like them and we cashed them out of the LTP so, for the LTP, let's get back in with:

• Sell 5 GILD 2023 $50 puts for $8 ($4,000)
• Buy 10 GILD 2023 $50 calls for $12.80 ($12,800)
• Sell 10 GILD 2023 $65 calls for $6.75 ($6,750) 

That's net $2,050 on the $15,000 spread that's $7,000 in the money to start with an upside potential of $12,950 (631%) if GILD can power up to $65 over the next two years.  Worst-case is you own 500 shares at net $60.10 - because we sold aggressive short puts but, hopefully, GILD will go even lower and we can double down on this one.

By the way, no Webinar today.  My daughter is here and I'm leaving early for a family dinner.

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