Blog Archive: June 2019

BMY Covered Call Surprise and NKE Put Spread

On January 10, I was holding a covered call on Bristol-Myers Squibb (BMY), a dividend-paying stock, with the expectation that it would expire worthless. With an hour left before the market closed, BMY was trading above my strike price, and I was confident in the position.With the situation in BMY seemingly under control, I opened a weekly put…