Bristol Myers Offering Possible 5.49% Return Over the Next 29 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 $50.00 short put and a strike $45.00 long put offers a potential 5.49% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.00 by expiration. The full premium credit of $0.26 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock dropped below the $45.00 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 65.67 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

In a true bull market: Cramer
Fri, 20 Dec 2013 23:00:00 GMT
CNBC – Mad Money host Jim Cramer shares the 5 tenets that prove we are in a true bull market.

Should Dividend Growth Investors Give Up On Bristol-Myers?
Fri, 20 Dec 2013 22:00:16 GMT
Seeking Alpha – Bristol-Myers Squibb ( BMY ) announced its annual dividend increase on Thursday, December 19th. Here are some quick recaps from the announcement: The new quarterly dividend is 36 cents per share.This is …

A Big Year for Pharma Deals Keeps Getting Bigger
Fri, 20 Dec 2013 19:59:02 GMT
The Wall Street Journal – The pharma deals just keep coming. Friday brought news that Jazz Pharmaceuticals Inc. will pay about $1 billion for Gentium SpA.

BMY to Sell Diabetes Portfolio
Fri, 20 Dec 2013 16:30:03 GMT
Zacks – Bristol-Myers will be selling its global diabetes business to AstraZeneca.

Kirkland, Covington on Bristol Deal: Business of Law
Fri, 20 Dec 2013 05:00:22 GMT
Bloomberg – Bristol-Myers Squibb Co. received legal advice from Kirkland & Ellis LLP on its plan to quit the diabetes-treatment business by selling its stake in a venture to partner AstraZeneca Plc for as much as …

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