Given the pop in Gilead Sciences (GILD) shares this morning, I am recommending we book profits on our put, earning a 0.6% return in two days, or 115% annualized.
Current Stock Price: $84.50
Cash in Hand: $0.68
Action: Buy to close the GILD Feb Monthly (2/17) 84 Put for around $0.15, but adjust as needed to close today
Profit: $0.53, or $53 per contract