Wrote Gilead Covered Calls

Gilead is up nearly 10% since the morning after earnings where I purchased it. I wrote the August 36 covered calls. I would be very happy to walk away with over 13% in less than an options cycle.

3 comments:

Chaos! said...

Great trade!

Tsachy Mishal said...

Thanks. Whats your take on sentiment these days?

Chaos! said...

We've worked off the extreme bearishness which makes the bull case much harder now because the news is mostly awful. I'm neutral on the market now. Would like to see extremes in the cboe put/call to make a stand either way.
August usually throws you some surprises one way or another. I'm hoping we get something to react to, either way.