tabortrader 7:04 am on Wednesday, August 31, 2016

$BMY

STO $BMY Dec 16 55 put @ 2.19, finding support at 52 week low. Will take shares of this hoglet, 2.66%, $1.52ann div, at discounted price in Trad IRA.
Thanks, geewhiz112

rknight52 7:24 am on Wednesday, August 31, 2016

That looks like a good trade. This company is not going away and 55 is at support on the weekly chart. Even if not put the shares you are collecting almost a 4% gain for the cash required for 3-1/2 months. I may put that in my IRA also. Thanks for the idea!
- rknight52 7:52 am on Wednesday, August 31, 2016
  
  STO $BMY Dec 16 55 put for 2.20.
  Thanks, @tabortrader.