BUY STOCK

 

Gilead Sciences (GILD):  65.90

 

Gilead goes ex-dividend tomorrow (9/14) with a 0.73 dividend. We were called out of the stock over the weekend. The stock is down 3% today giving us a better entry point then yesterday. We can trade a buy/write (buy the stock and sell a covered call) today and earn the dividend tomorrow.

 

ACTION: Buy/Write GILD stock and 23 Sep 67 call for a debit of 65.47

Buy GILD at market (65.90)

Sell to open GILD 23 Sep 67 call for a net credit of around 0.40 to 0.41

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