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Actionable news in GILD: Gilead Sciences, Inc.,

Week of November 6th

James joins Tom and Tony to discuss Tom's opening trades of the week. They steer clear of earnings and futures and discuss equities and non-earnings trades.

First they look at (PCLN), Tom sold a strangle after the large earnings drop. He then rolled down the calls multiple times to increase the total credit collected. James looked at a defined risk trade, still selling far OTM options and buying wings to define the position.

Next up is Boeing (BA), which Tom has been short for a while now, he scalped some shares to the short side on Thursday morning. James is looking to get short either using synthetic stock or selling an OTM call. He also adds the possibility of selling put spreads in the Dow Jones 30 index ETF (DIA). Boeing is the largest component of the DOW but has outpaced it's gains all year.

Lastly they loook at Gilead Sciences (GILD). Tom sold a strangle Thursday morning. James looks to define risk, explaining both a skewed iron condor with no risk to the upside or an iron fly with limited risk to either side.

Tune in for all the original trades and the discussion of the resized potential trade examples.