I opened 1 lot(s)
$GILD 20250516 95.0 PUT$ ,
GILD: collect 1.15% premium on this cash secured put with strike at $95.
Contract expires next Fri on 16th May.
Poor timing when selling this early of the trading session and GILD fell almost 5% for the day so the put were in the red for now.
Still have some buffer before hitting the strike price of $95.
GILD is still the market leader for HIV drugs and it's a pretty captured market providing a steady revenue stream amidst uncertainty.
Trumps hawkish RFK's on medisave and anti big pharma might dampen mood for this stock.
Will see how to trade this over a medium period.
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