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

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