Will Bristol-Myers Squibb (BMY) Continue the Upward Momentum?
BMY is up nearly 40% from its low in March and several analysts expect it will continue to push higher. Check out the following article that discusses a potential 10% upside - Analysts Are Bullish on Top Healthcare Stocks: Pfenex (PFNX), Bristol Myers (BMY). Also, take a look at why BMY might be appealing to growth investors - 3 Reasons Why Growth Investors Shouldn't Overlook Bristol Myers (BMY).
____________ advertisment ______________
Five Top Dividend Stocks to Consider Now
Investing in stocks has always been great way to grow your wealth in the long run.
However, if you really want to earn more bang for your buck, it pays to invest in stocks that also pay out fat, consistent dividends. In fact, here are five of the top dividend stocks you may want to consider this year.
Click Here to Download the FREE Report
______________________________________
Technicals
After a correction lower that started in May, BMY is showing signs that the uptrend has resumed. The stock has rallied above its 200-day moving average as well as a horizontal price point at $60. The moving average and horizontal level are now seen as strong support on the downside. Ahead of it, an additional support level is seen at $61.75. BMY is outperforming several of the stocks on the IBD Top 50 list in the month thus far. The higher time-frame charts for this stock point to renewed upward momentum while many of the other stocks on the list have started to move sideways.
*source Tradingview.com
If you agree there's further upside ahead for BMY, consider this trade is based on the stock continuing its advance over the next five weeks, or at least not declining very much.
Buy To Open BMY 18SEP20 60 Puts (BMY20918P60)
Sell To Open BMY 18SEP20 62.5 Puts (BMY20918P62.5) for a credit of $0.68 (selling a vertical)
This price was $0.02 less than the mid-point of the option spread when BMY was trading near $63. Unless the stock rallies quickly from here, you should be able to get close to this amount.
Your commission on this trade will only be $1.30 per spread. Each contract would then yield $66.70 and your broker would charge a $250 maintenance fee, making your investment $183.30 ($250 – $66.70). If BMY closes above $62.5 on September 18, both options would expire worthless, and your return on the spread would be 36% (411% annualized).
____________ advertisment ______________
"The 12 Million Mile Battery"
One "original 7" electric car employee has beaten his former company to market on an energy innovation so powerful it can send a Tesla cross country without charging - 4 times. This small company behind it is facing demand that will lead to an unprecedented market surge.
Click here for details.
______________________________________
Changes to Investor’s Business Daily (IBD) Top 50 This Week:
We have found that the Investor’s Business Daily Top 50 List has been a reliable source of stocks that are likely to move higher in the short run. Recent additions to the list might be particularly good choices for this strategy, and deletions might be good indicators for exiting a position that you might already have on that stock.
As with all investments, you should only make option trades with money that you can truly afford to lose.
Happy trading,
Terry
____________ advertisment ______________
[CRAZY] #1 Trader Does What?!
He turned $50k into $5.3 million. His method takes just 9 minutes a week... and you don't have to invest a dime up front. Thousands of men and women who had never traded this way in their lives are doing it. Some are already making well over $100k a year. Check out what he's telling this small group of investors now.
Crazy details right here.
______________________________________
Any questions? Email Colin@terrystips.com
You can see every trade made in the actual option portfolios conducted at Terry’s Tips and learn all about the wonderful world of options by subscribing here. Why wait any longer to make this important investment in yourself?
Even better, you can become a Terry’s Tips Insider, and receive all our educational reports and materials absolutely free by opening a new account at the best options broker around - thinkorswim. If you open an account with our link, they will give you 60 days of free trading or up to $600, the same deals they give to everyone who opens an account with them. You must use this link to sign up - open thinkorswim account – and once you have funded your account with at least $3500, email Colin@TerrysTips.com and let him know that you have done it, and this is what he will do – sign you up for our Premium Service package ($97 monthly subscription). You get 3 months ($291 worth) of services without paying us one penny.
I look forward to having you on board, and to prospering with you.
Terry
|
