Our Hot Money monitor triggered a new bullish alert in Gilead Sciences Inc. (GILD).

Shares of the GILD are at 52-week highs and I'm seeing a new bullish position placed it betting for prices to continue higher in the next 16 days.

Here's what I'm doing…

Buy-to-open the GILD Jan. 14, 2022, $74/77 call spread

At last glance, this is trading around $0.80 per spread.

I'm spreading this off because this stock isn't a fast mover, selling the OTM call will offset some of the decay on a slow move higher.

As always, I'm averaging into this position and managing risk before entry.

I’ll keep you updated every step of the way.