Let’s book profits on our Gilead Sciences (GILD) put, earning a 0.4% return in five days, or 27% annualized.
Current Stock Price: $66.83
Cash in Hand: $0.44
Action: Buy to close the GILD Oct Monthly (10/21) 65 Put for around $0.20, but adjust as needed to close today
Profit: $0.24, or $24 per contract