$Bristol-Myers Squibb(BMY)$ This is like Abbvie was a few years ago.
Everyone was panicking. And then suddenly everyone stopped panicking and the share price started to jump over time.
The same thing will happen here.
Those who are patient will see $100 BMY in 3-4 years and the dividend increasing every year!
Don’t be stupid. Buy and hold.
In a few years the covered call income will be great on this stock in addition to the growing dividend!
Once the stock is out of the dog house and considered “safe again” and we have a share price in the $60-$100 range we will be able to sell weekly OTM calls and earn probably 10-50 cents per share.
That’s $10- $50 per 100 shares in a call contract. Let’s go with the 10 cent range to be conservative.
1000 shares means 10 call contracts earning an extra $100 every week.
10000 shares means 100 OTM call contracts earning an extra $1000 a week.
Seriously buy and hold. A gem is on sale.
$44 or below and I’m buying!
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