BMY approaching support, potential bounce! BMY is approaching our first support where we might see a bounce in price to our first resistance level. Stochastic is also approaching support. Longby TradeGATEHub35
BMY appraoching resistance, potential drop! BMY is approaching our first resistance at 54.09 (horizontal swing high resistance, 50% Fibonacci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 50.25 (61.8% fibonacci retraecement, horizontal swing low support). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Shortby TradeGATEHub33
Apr 18 - BMYApr-18 BMY IV30:38.8, IVR:98 (Elevated) +0.21D Long 1 Call: 60 Strike @ $0.88 -0.42D Short 1 Call: 55 Strike @ $2.09 -0.02D Long 1 Put: 40 Strike @ $0.06 +0.10D Short 1 Put: 45 Strike @ $0.37 -0.13D Credit: $1.52 PCR=26:74by imzeeshan0
BMY approaching resistance, potential drop!BMY is approaching our first resistance at 52.42(horizontal siwng high resistance, 61.8%, 100% fibonacci extension, 76.4%, 38.2% fibonacci retracement) where a strong drop might occur pushing price down to our major support at 48.35 (horizontal overlap support, 50% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Shortby TradeGATEHub35
TRADE IDEA: BMY APRIL 18TH 55 SHORT STRADDLEMETRICS: Max Profit: $733/contract ($183 at 25% max; 16.7% Return on Cap On Margin) Max Loss/Buying Power Effect: Undefined/~$1100 on margin Break Evens: 47.67/62.33 Delta: 24.37 Theta: 5.11 Notes: I'm still feeling bullish, just not as bullish as I was at the beginning of the year -- hence the 24 long delta metric. From a price action perspective, low side break even and short straddle strikes line up nicely with "local low/highs" between 47 and 54. As with the other setups I worked (MAT, EA, See Posts Below), markets are showing wide in the off hours, so this might not be as attractive when markets open tomorrow, but it's nice to know that there are other possibilities on tap than playing CZR, RIG earnings for volatility contraction. Other Obvious Setups: April 18th 47 short put, 1.24 credit at the mid (.62 at 50% max), 45.76 break even, delta 24.37, theta 2.02. April/June 45/55 upward call diagonal, 6.45 at the mid, break even of 51.45 versus 51.67 spot, debit paid to spread width ratio of 64.5%, max profit on setup of 3.55/1.78 at 50% max/27.5% return on capital. Markets are ghastly in the off hours for this: bid 5.06/mid 6.45/ask 7.85, so it'll have to be priced out during NY. Longby NaughtyPines2
BMY is approaching resistance, potential drop! BMY is approaching our first resistance at 52.42 (horizontal swing high resistance, 61.8% , 100% Fibonacci extension , 38.2%, 76.4% fibonacci retracement ) where a strong drop might occur below this level to our first support at 48.25 (horizontal overlap support, 50% fibonacci retracement ). Stochastic (34,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price. Shortby HotForex49
BMY appraoching resistance, potential drop! BMY is approaching our first resistance at 52.39 (horizontal swing high resistance, 100%, 61.8% fiboancci extension, 76.4%, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 48.35 (horizontal overlap support, 50% Fiboancci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Shortby TradeGATEHub45
Short on Bristol MeyersABC correction inside a channel. Shadowed zone RSI also in channel Volume on the break of resistance. Triangle formation on week interval too just broken If the double top made on last 20 years is correct, the projection will be absolute bankruptcy, by far... But, only if overpass the last support (aprox 18).Shortby GeorgeOfTj2
TRADE IDEA: BMY MARCH/APRIL 45/52.5 UPWARD CALL DIAGONALMetrics: Max Loss On Setup: $443/contract Max Profit On Setup: $307/contract; $153/contract at 50% max for 34.5% ROC Break Even on Setup: 49.43 versus 50.18 spot Debit Paid to Spread Width Ratio: 59.1% Theta: 1.22 Delta: 31.54 Notes: With earnings on Thursday before market open and the underlying at the low end of its 52-week range, I'm looking at taking a bullish assumption directional shot without putting a ton of risk on the line to do it (which is why, in part, I'm going March/April instead of my standard split month; longer dated back months cost more, since you'll need to widen out to get a favorable break even and/or a decent debit paid to spread width ratio). That being said, a lot of these look sexier during off hours than when New York opens, so keep that in mind. The setup, after all, is currently bid 4.12/mid 4.43/ask 4.74 (off hours), which is awfully wide ... . The natural alternative is to just short put at the March 45 (paying 1.10 at the mid), but that'll tie up around 8.75 in buying power on margin, with a return on capital of 6.3% at 50% max and invoke a full notional in cash secured of 43.89. This is basically why I like to go defined with a lot of stuff that I'm not interested in buying and holding -- better return on cap, less buying power deployed, similar or better gross profit metrics, particularly in small cash secured accounts where you haven't got a ton of cash sloshing around to do a short put/acquire/cover cycle.Longby NaughtyPinesUpdated 5
BMY approaching resistance, potetial drop! BMY is approaching our first resistance at 52.39(horizontal swing high resistance, 100% fiboancci extension, 76.4%, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 48.35 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Shortby TradeGATEHub25
HISTORY REPEATS ITSELF: SHORT BMYBMY is showing erie similarities of its last major cycle, and it appears massive downside is on the horizon. Decreasing RSI, strong support and resistance and the exact same chart pattern are more than enough to show BMY is likely headed down at least 20% over the next few months. Sizable downside in the overall market over the next few months will likely add to the selling pressure. Price target is $32 by Q4 2019. Shortby pstowe116
BMY traling stop kik me outWrite sometning about your psyhology thinking before trade? it a cool sunday Describe the trade. What you see? price will rise and go to the target in raelity I rise the trailing stop and price kik me out I don t want to seat on my hands when price goes up, I should move my trailg stop. what should I consider is that I should move the trailin stops wiht the pull backs not with a price as I do.by matjaz701
$BMY Golden Cross / Ascending Triangle$BMY 50d/200d ema Golden Cross / Bullish Ascending Triangle Golden Cross/Break-out of Triangle appears imminent. Near term target - $64 Note: Informational analysis, not investment advice.Longby Triple_Barrel_Capital225
BMY breakoutstrength in drug names, $ENDP up 20% after EPS $MNK another one that gap up on EPS. Looking for $BMY to top out at the 63 level a short term 5% move. Hope for the best prepare for the worst. Longby schmidtke_jake2
BMYUpgrade: Morgan Stanley Gap up. Price in consolidation, if we break out consolidation,we can see continue of the growLongby IlyaztUpdated 1
BMY Jul 20th $55 CallLooking to hold my Jul 20th $55 Calls bought back on 6/18 at 53.95 (or $0.80/contract). It's held the trend line of ~+20% so far (+2% based on stock price). If this continues until expiration, the lower trend line should yield ~45% at a close of $56.15 (+4% based on stock price), whereas the upper trend line that recently took shape could yield up to ~420% (8% based on stock price). Anything in between is obviously a win as well, just looking to maintain the lower line and sell on any large moves higher. Buying shares is also an option, I'm just choosing to leverage my return, but will exit on a close below the lower line.Longby Swingman39332