Trade on $GILD

$GILD is down over 2% this morning.

From a short term perspective I think the stock has a reasonable chance at kissing former support before the end of the week.

I entered $109 calls for this scenario with a move over $110 putting those calls at 100%+ return.

I also like how the stock has halted its decline and looks supported at current prices.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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