I am new to this board.
I am an option trader and have watched the successful move from 3-4 weeks out to EX during everyone of the last 13Q's by an average of 1.00 without one exception.
That is since Sept 2008, a long time. Every Q, from 3 weeks out(where we are now) has gained an average of at least 1.00 dollar and sometimes up to 2.00.
With that history, what option and/or trading ideas do you employ?
I have initiated a trade and am wondering if anyone here has done the same.
BMY is up just 13c from the closing price of the day this was posted. With 2wks. to go in the divvy run, how much further can/will BMY rise into the ex-date? I cannot see BMY rising over 34.25 at this point, BMY sometimes does not have a significant drop after the ex-date either, sometimes making up its dividend drop immediately. I'm a "holder" through the ex-date unless the rise goes above 36. At 36, I may consider selling a few shares and look for a drop to buy them back at a lower price(30.50?).
In both the 2nd and 4th quarters of 2010, BMY reached its peak pps approximately 2wks. before it ex-date. For the sake of the success of your options, I hope this quarter acts the the others that had risen into the ex-date. BMY seems to react well to "good news". Here's to getting some this weekend! FOXY
i would have to guess that , aside from the unheard-from-chainsaw , most on the board feel that BMY is taking
care of itself .. not really too much news until we get
another FDA action .. smooth sailing .. garce
Hey Doc. I guess the answer is no. I have owned some BMY since Nov. 2008. Imo, BMY is in the middle of its range this quarter. As a stock "holder", I currently like BMY as a buy around 28.82 and a sell around 35.53. I do not think either price will be reached this quarter. I'm looking around for a place to put some of my as of yet sitting idle AGNC cash. I'm thinking MTGE after the ex-date/spo combo might be the play for me. See you there soon.
Good to see you here. Don't come here often 'cause the board is mostly political. These folks don't understand politics is all theatre - the "Green" party rules. In other words political contributions unfortunately run the US - the politicos work for their major contributors not the ave citizen and the law does their bidding.
That aside - I'm in on the 8k contracts of BMY $33 April long calls purchased in the last two weeks especially loaded up during Greece bond swap scare - like the Fed and Germany would ever let them melt down and leave the Euro - the Euro is their first big step towards Globalazation- so I loaded up.
I think we will hit $36 exdiv week.