Sometimes all you need is a little patience.
Shares of GILD are down $14.20 today. That brings our GILD February 2015 97.50 to about $6.60 on the day. Sell to close half of the trade right now.
Coca-Cola (KO) is up another 40 cents on the day to $42.35. That moves takes our KO May 41 calls to just under $2.55. Sell to close half of the trade if you’re happy with current gain.
I’m also recommending that you exit half of the XIV stock trade and VXX March 32 put. XIV last traded at $34.35. The VXX put last traded around $6.60. Exit just half of each trade to secure gains.
Look for new trades after the holiday season. Volume is a bit low this week.
Happy holidays to you and your family…
Ian L. Cooper
Forgotten Profits