July 1, 2020 - MDT Alert (BMY)

BMY is trading around $59.12 as I write this. I am going to suggest you book the profit on the position.

Here is how you close the position:

Sell to Close July 24th - $57 Call for $2.90

Buy to Close July 24th - $63 Call for $0.40

The net credit will be $2.50 per spread. The debit when the trade was initiated was $1.84 per spread.

This results in a gain of $0.66 per spread.

If you traded the suggested six lot, the total cash return will be $396.

The return for one and one-half weeks is 36%.

/by

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July 1, 2020 Trade Alert - (TSLA) July 1, 2020 - TAKE PROFITS-SELL

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