December 11, 2020 - MDT Alert (GILD)

I mentioned in this morning's update that the long $60 call on GILD expires today and as such, I would like to recoup some value on the position.

GILD is trading around $60.48 as I write this.

Because it expires today, there is no time value on the call and the value is all intrinsic value.

As such, close the position and you should be able to recoup 50 cents per call option.

Here is how you close the position:

Sell to Close December 11th - $60.00 Call for $.70

By closing at $.70, you are able to recoup over 30% of the cost on the trade, and I suggest you do that.

/by

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December 11, 2020 Trade Alert - (TLT) December 11, 2020 - BUY

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