Bristol Myers (BMY) Offering Possible 6.61% Return Over the Next 8 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 $48.50 short put and a strike $43.50 long put offers a potential 6.61% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $48.50 by expiration. The full premium credit of $0.31 would be kept by the premium seller. The risk of $4.69 would be incurred if the stock dropped below the $43.50 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 57.97 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

1 Drug More Important to Gilead Than Sovaldi
Fri, 11 Jul 2014 21:01:58 GMT

Bristol-Myers to Seek U.S. Approval for Immuno-Oncology Drug
Fri, 11 Jul 2014 20:30:04 GMT

Senators Ask Gilead To Explain Sovaldi Pricing
Fri, 11 Jul 2014 15:35:00 GMT

Human Anti-human PD-1 Monoclonal Antibody OPDIVO® Bristol-Myers Squibb plans for Third Quarter Submission of a Biologics License Application for Previously Treated Advanced Melanoma(236KB)
Fri, 11 Jul 2014 02:12:30 GMT
noodls – July 11, 2014 ONO PHARMACEUTICAL CO., LTD. … This is an abstract of the original noodl. To continue reading this document, click here for the original version.

Bristol seeks cancer drug nod
Thu, 10 Jul 2014 22:45:00 GMT

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