By Dan Darrow
November 07, 2022
Intraday Update: GILD
GILD isn't quite at the initial target zone yet, but it is close and the Dec16 $80 call has gained substantially since the position was opened last week. The move to 81+ this morning is the second time the stock has hit the level in two days, so the plan will be to lock in some money early and roll up to a lower debit Dec16 $82.50 - $87.50 call spread. The next target is 83+.
* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".
Trader Author Portfolio Holdings
**As of the date and time of publication