4 Trade Ideas for Bristol-Myers Squibb: Bonus Idea

• Posted by Greg Harmon
• on November 3rd, 2025

Here is your Bonus Idea with links to the full Top Ten:

Bristol-Myers Squibb, $BMY, comes into the week pushing over short term resistance in what might be the early phase of a reversal. It has a RSI rising into the bullish zone with the MACD crossed up but negative. There is resistance at 46.50 and 47.75 then 49.25 and 50.75 before 51.50. Support lower is at 45.75 and 44.75. Short interest is low at 1.5%. The stock pays a dividend with an annual yield of 5.38% and has traded ex-dividend since October 3rd.

The company is expected to report earnings next on February 5th. The November options chain shows highest open interest at the 45 and then 44 put strikes and at the 50 strike on the call side followed by 45. The December chain is biggest at the 40 and 45 put strikes and at 50 on the call side. In the January chain open interest is largest at the 45 and 40 put strikes and at the 50 then 55 call strikes. Finally, the March chain has biggest open interest at the 45 then 40 put strikes and on the call side at the 50 strike.

Bristol-Myers Squibb, Ticker: $BMY

Trade Idea 1: Buy the stock on a move over 46.50 with a stop at 44.75.

Trade Idea 2: Buy the stock on a move over 46.50 and add a December 46/43 Put Spread ($1.25) while selling the January 50 Call ($1.21).

Trade Idea 3: Buy the November/January 50 Call Calendar (99 cents) while selling the December 43 Put (86 cents).

Trade Idea 4: Buy the January 40/48/50 Call Spread Risk Reversal (11 cents).

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which following the FOMC meeting and Powell’s unexpected caution that a December rate cut was not inevitable, equity markets brushed it aside and focused on the good earnings reports to hold at all-time highs.

Elsewhere, look for Gold to continue the uptrend with some short term consolidation while Crude Oil moves lower again in consolidation. The US Dollar Index continues to drift to the upside consolidation rounding out a bottom, while US Treasuries hold at the breakout higher in their consolidation, continuing to tease of an intermediate term reversal higher. The Shanghai Composite looks to continue the uptrend at 10 year highs while Emerging Markets also continue their uptrend at 4 year highs.

The Volatility Index looks to continue to drift in the normal zone freeing equity markets to move higher. The charts of the SPY, the IWM and the QQQ remain strong on the longer timeframe. On the shorter timeframe the SPY and QQQ also look strong holding at all-time highs, while the IWM continues the trend higher but in a move volatile range. Use this information as you prepare for the coming week and trad’em well.

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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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