Buy Alert: July 29, 2016

| July 29, 2016

Buy Alert:  July 29, 2016

 

Trade Details

Buy Gilead Sciences (GILD) September 16th 85 Calls for $0.90 or better (lower)

 

Why?

Biotech stocks are lagging behind other sectors despite the overall bullish trend in equities, but none more so than GILD.  The company recently missed on earnings, and the stock has dropped to near 52-week lows.  Nevertheless, GILD makes some of the most important drugs on the market these days and now is valued at an absurdly cheap level.

Let’s buy September calls.  Conservative investors can take profits at $85.  Aggressive investors can hold to $87.  For risk control, conservative traders should exit at $77, while more aggressive traders can hold to $75.

 

Recent Activity

Gilead Sciences

 

Category: OTW Buy Alerts