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Gilead Sciences Inc. Message Board

  • finland6507 Jun 25, 2014 8:07 AM Flag

    It is frustrating looking at this everyday, I have "far out of the money 85 calls", for Nov. and I will be lucky

    if this gets to 85 by Nov. With the 98% inst. number, they can keep this down no matter what the earnings are. This yr. is a "sell in May and go away yr." It is even hard to try for $82.50's. going like this. I should have e bought BCEI in Jan. so far.

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    • fishart4 Jun 25, 2014 6:05 PM Flag

      I bought some shares on Jan 6th and 8th. Both up double digits. What's not to like?

      Stop looking at this daily.

    • I have traded the August $77.50 calls eight times in the past month with positive results.

      Last trade was today, sold them for $5.60 after buying them yesterday for $5. Yes it is only $0.60 but when you trade 30 of them it turns into real money. Lovely to get a 10% move on a 1% move in the stock.

    • I agree with muskyman quit hitting for the lottery with options those are losers most of the time. Buy the stock and forget it. If you dont have enough to buy the stock you dont have enough to be in the market.

    • Buy stock and not calls and you won't have these problems with calls not being in the money. Or buy a rental property with cash and collect rent very month- nothing easier than that!

    • defilip1 Jun 25, 2014 8:33 AM Flag

      You never know... things could move once again.

      Sentiment: Strong Buy

      • 1 Reply to defilip1
      • I don't see any reason to be so downhearted. At the moment, the Nov85 calls are going for 4.20. In effect, you're paying 89.20 for the stock in November. Seems possible. As for "98% institutional" ownership, that's a myth. Unless you actually hold the physical stock certificates, which almost no one does, your shares are listed as held by an institution. (e.g. All of my shares are listed as held by Schwab, therefore an institution.) If I were playing options - which I'm not - I think I would take a flier on the July85 calls. They are selling for about half a buck now, but if they push this thing to 82.50 over the next week, they could double. (They're up 25% today.) The point would be to cash them in several days before expiration.

86.22+2.89(+3.47%)May 24 4:00 PMEDT