Bristol-Myers Squibb Stock (BMY) – Trading The Plunge – Trade Alert and Updates – Aug 5 2016

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.

Shares Halted

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

FullyInformed Members can read the rest of this trade alert and outline by logging in directly through this link. Members can sign in here. Non-members can join here.

Recommended Related Links:

Understanding The Bollinger Bands Strategy Trade

Other Bollinger Bands Strategy Trade Articles

How To Avoid Being Shaken Out Of A Trade

Internal Stock and Option Trades Links

Portfolio Listing by Years

My Principal Stocks Index

Trade Ideas for Members

Trade Alerts for Members

Put Selling Strategies

Put Selling Strategies For Members

Covered Calls Strategies

Covered Calls Strategies For Members

Profit And Income Strategies Index

Stock and Option Strategies For Members

Stock And Option Trades Explained For Members

Ask A Question About A Trade You Are In

Sign My Guestbook

Visit My Shop

Join The Free Options Forum