GILD trade ideas
GILD - Selling Naked Puts$78 Feb 9th Puts executed at $2.10
L.T. bullish bias. GILD at support level. Time premium very high especially considering only 4 days till expiration. If price is ITM and shares are exercised, my buy price is $75.90. I can sell calls at that time &/or do a swing trade.
D: -.4623
G: .1295
T: -.1534
IV%: 65% (versus 37.8%)
W:
Mid Divergence Triangle BreakoutGilead is moving nearing the breakout point of a triangle with stochastic divergence in the middle of the oscillator. Strong signal usually leads to big breakouts. Be patient, let it start moving up before getting in.
Buy: 84.00
Stop: 82.75
Target: 86.27 - 90.00 (2.46% - 6.89%)