Let’s book profits on our Gilead Sciences (GILD) put, earning a 0.7% return in three days, or 85% annualized.
Current Stock Price: $78.34
Cash in Hand: $0.67
Action: Buy to close the GILD Jun Monthly (6/16) 77 Put for around $0.13, but adjust as needed to close today
Profit: $0.54, or $54 per contract