Bristol-Myers Squibb Stock did well in my portfolio last year. For much of last year it was a pretty easy trade. Selling the $50 put strike for much of the year yielded good results and safety was rarely a concern. In October and November 2014 though the stock moved higher. This has pushed the stock above $60 much of the time and until I see improved revenue and earnings numbers I am somewhat suspect the stock could move lower.
Bristol-Myers Squibb Stock In 2014
In 2014 you can see in the chart below why the stock was so easy to trade at the $50 put strike. For much of the year the stock was stuck sideways. This made the “home of the range strategy” simple to apply and results were predictable. That changed in November 2014.
With earnings to be released January 27 the stock is providing some interesting trade possibilities.
Here are the latest trade ideas in Bristol-Myers Squibb Stock which trades under the symbol BMY. I have my offers in already and looking for my fills.
This rest of this trade ideas article is for USA Members.
BMY Stock Trade Ideas for Jan 21 2015
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.