Another typical trading day with the S&P 500 up at the open, started selling off around 10:00 AM, bounced higher around noon and seems to be stalling out heading into the end of the day. Hate to do wait until the last hour to trade but sometimes it pays to be patient and wait this market out.

TRADE

Gilead Sciences (GILD):  62.10

Gilead Sciences has been holding its own and even trading higher over the last few days. This is a good time to sell a covered call.

TRADE ACTION:  Sell to open GILD 27 May 64 call for around 0.65 to 0.70