Bristol Myers (BMY) Offering Possible 7.07% Return Over the Next 12 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 $51.00 short put and a strike $46.00 long put offers a potential 7.07% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $51.00 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock dropped below the $46.00 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 69.35 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, Ono Sue Merck Over Cancer-Drug Patent
Mon, 08 Sep 2014 22:24:40 GMT
The Wall Street Journal – Bristol-Myers and Ono sued Merck, alleging that its new cancer drug, Keytruda, violates their patent on harnessing the body's immune system to fight cancer.

Bristol-Myers Sues Merck of Patent Infringement on Keytruda
Mon, 08 Sep 2014 19:30:12 GMT

[$$] A New Era in Immuno-Oncology
Mon, 08 Sep 2014 15:11:00 GMT

Bristol-Myers Sues Merck Over a Patent on its new Cancer Drug
Mon, 08 Sep 2014 14:18:39 GMT

J.P. Morgan Biotech Analyst Meacham Exits for New Barclays Gig
Mon, 08 Sep 2014 12:48:00 GMT

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