Agreed I went in at 49.50 with calls. but will buy some puts if it reaches 57-58 this month.
Please don't buy a stock like this based off the possibility of a takeover, sheer stupidity.
That said, I like GILD and its pipeline. My only problem is the biotech sector trades as a group even though GILD is one of the better ones. The market will be the cause of any moves below 50 in my opinion. In the long term this stock is going up, the shorts can make money but most of their posts are complete bull.