My last trade in Bristol-Myers Squibb Stock was on July 28 when I sold 10 of the Aug 19 expiry $70 put strike. Those puts are now deep in the money.
With shares halted earlier today the company announced poor results from their CheckMate -026 study which was in Phase Three. The study had hoped that Opdivo could be used as a monotherapy instead of chemotherapy in patients with advanced non-small cell lung cancer.
Once shares reopened they plunged on the news plus halting shares intraday, rarely assists share prices in most instances.
Bristol-Myers Squibb Stock Rescue Strategy
The plunge this deep opens opportunities to begin repairs and rescues immediately. This article outlines the rescue I have entered today.
BMY Stock Trade Alert Details
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