Sell Bristol Myers March $50 Call

It’s time to take profits on the Bristol Myers March 17, 2017 Call Option with a $50 strike price (BMY_170317C005000). I recommended this option on 1/20/17 at $2.04. The early price on 2/10/17 was $2.56. The profit for this three week holding period was 25.49%.

I will have more on BMY in Monday’s edition of Breakthrough Tech Weekly.

Stock Talk

DR083157

DR083157

I sold out, but curious why saying sell. Are you afraid going to go back down? I was feeling safe to ride it to the end.

Paul Hedgi

Paul Hedgi

THANKS FOR TRADE

Joe Duarte

Joe Duarte

Always sell while there is profit. It’s getting close to that magic 30 days when time premium fades and option prices fall precipitously. I’m not done with BMY yet.

BMOFI48

BMOFI48

Joe
Maybe I missed something or do not know where to look, but I have been searching for your thoughts on BMY. You indicated “I will have more on BMY in Monday’s edition of Breakthrough Tech Weekly”, but have not seen anything. Bruce

Jim Pearce

Jim Pearce

Hi Bruce. I liked Joe’s article so much on BMY that I moved into the monthly issue of BTP that will be published this Thursday, so please look for it there. My apologies for the confusion, my fault all the way.

BMOFI48

BMOFI48

No Worries. She took a nice jump today and I was wondering if everyone else read Joe’s report and jumped on it. Wanted to give him credit if his report was positive! Bruce

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