September 15, 2020 - MDT Alert (BMY)

I am going to suggest you book your three-day profit on BMY. 

Go ahead and close the position.

Here is how you do it.

Sell to Close October 9th - $59 Call for $2.00

Buy to Close July 24th - $63 Call for  $.35

The net credit will be $1.65 per spread.  With a cost of $1.15, this results in a profit of $.50 per spread.

If you traded the suggested 8 lot, the cash return will be $400.

This works out to a return of 43% for 3 days.

/by

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Trade Alert - (PTON) September 15, 2020 - SELL-TAKE PROFITS AstraZeneca’s Bump in the Road

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