Hello Investors,
A few changes to the portfolio today.
We sold a covered call against our 100 shares of TMUS owned.
Sold to open: TMUS Sep 18th (monthly) 125.00 strike calls
Credit: 1.50
We want to take profits on BAC Calendar Call Spread
Sell to close: BAC Jan 15th (monthly) 26.00 calls
Buy to close: BAC Aug 21st (monthly) 26.00 calls
Credit: 1.75
Finally, we are buying 5 shares of GILD. This is a strong fundamental story and we will start a small position. This has nothing to do with the Covid treatment drug as that is an after thought. The company minus that drug, is worth the investment in our view.
Have a great weekend!