I'm finally tearing myself away from MO, SPY and FB trades and branching out into a BMY play. It's about time too! I've been stuck in a rut playing the same ole CRAP for quite a while now.
So today I set up a July 47/46 credit put spread in BMY. I played 10 contracts collecting .41 of premium on each for a total of $390 net credit after commissions. BMY has been beat down lately, but it seems to have found it's footing right around $46.50. I set this trade up this morning when the stock was trading around $47.20. I'll start looking to exit above $49, and my stop is a close below $46.