Bristol Myers (BMY) Offering Possible 11.11% Return Over the Next 38 Calendar Days

Bristol Myers's most recent trend suggests a bullish bias. One trading opportunity on Bristol Myers is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 11.11% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $55.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Bristol Myers is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Bristol Myers is bullish.

The RSI indicator is at 72.11 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Bristol Myers

Seattle Genetics and Bristol-Myers Squibb Announce Clinical Collaboration to Evaluate Combination of Adcetris® (Brentuximab Vedotin) and Opdivo® (Nivolumab) in Hematologic Malignancies
Thu, 15 Jan 2015 08:21:05 GMT
noodls – BOTHELL, Wash. & NEW YORK–(BUSINESS WIRE)–Jan. 12, 2015– Seattle Genetics, Inc. (Nasdaq:SGEN) and Bristol-Myers Squibb Company (NYSE:BMY) today announced that the companies have entered into a clinical …

CheckMate -017, A Phase 3 Study of Opdivo (Nivolumab) Compared to Docetaxel in Patients with Second-Line Squamous Cell Non-small Cell Lung Cancer, Stopped Early(144KB)
Thu, 15 Jan 2015 02:03:15 GMT
noodls – Microsoft Word – PressRelease（Cover）：Opdivo CheckMate 017 Trial Demonstrates Superior Overall Survival and Stopped Early 201 January 15, 2015 CheckMate -017, A Phase 3 Study of Opdivo (Nivolumab) Compared …

Eli Lilly Inks Oncology Deals with Merck, Bristol-Myers – Analyst Blog
Wed, 14 Jan 2015 22:35:10 GMT

A New Dawn For Biotech?
Wed, 14 Jan 2015 12:55:00 GMT

Bristol-Myers Squibb (BMY) Stock Rises Today After Eli Lilly Collaboration
Tue, 13 Jan 2015 16:42:00 GMT

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