Bristol Myers (BMY) Offering Possible 5.93% Return Over the Next 7 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 $62.50 short put and a strike $57.50 long put offers a potential 5.93% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $57.50 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Bristol Myers is bearish and the probability of a decline 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 59.35 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

Bristol Myers Squibb to Participate in Wolfe Research’s 2nd Annual Virtual Healthcare Conference
Wed, 11 Nov 2020 21:15:00 +0000
Bristol Myers Squibb to Participate in Wolfe Research’s 2nd Annual Virtual Healthcare Conference

Bristol Myers Squibb Showcases Research Advancing Outcomes Addressing Hard-to-Treat Blood Cancers and Diseases Across Small Molecule, Biologic and Cell Therapies at ASH 2020
Wed, 11 Nov 2020 11:59:00 +0000
BMS Showcases Research Advancing Outcomes Addressing Hard-to-Treat Blood Cancers and Diseases Across Small Molecule, Biologic & Cell Therapies at ASH

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Introduction As Mr. Valuation, I find myself constantly reminding investors that value investing requires patience. However, value investing also requires the willingness to get your money in front of attractive valuation when it is discovered. Trying to time your purchases perfectly can just as easily cause you to miss out on significant gains as it is to […]

Bristol Myers Squibb Prices $7 Billion of Senior Unsecured Notes
Tue, 10 Nov 2020 00:27:00 +0000
Bristol Myers Squibb Prices $7 Billion of Senior Unsecured Notes

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