Lions.. BMY is a buy here.
You can capitalize on this several ways.
One. Buy just ITM calls which expire out 6 months. This strategy carries the most risk, but also has the highest profit potential.
Two. Sell WAY OUT OF THE MONEY puts which expire out 1 month. This strategy carries much less risk.
Three. The least risky strategy is to set up a credit spread- and there are many ways to do this easily.
I cover each of the above strategies/how to set them up in detail, plus MUCH MORE in my book A (NOT) So Random Walk On Wall Street.
My SLV positions keep going down, down, down. 😃
I never engaged in a buy the dip strategy before so I had to learn some lessons. First lesson....don't buy a few cents down. If you keep doing that you will be out of capital before price reaches its bottom. Now I know to buy every handle or two down. If price keeps ranging, let that puppy range and ONLY buy after it drops one or two handles, then another one or two etc. I know you guys who already know how to buy the dip already know this stuff. This information is primarily for guys new to buying the dip so they won't make the same mistake.
I do have some time on some of them so I'm not too concerned.
SLV positions:
https://docs.google.com/document/d/1sAZgLZlkKuhw2r60F-q-S4rxiZNNDR4IAaIcAPZIjd0/edit?usp=sharing
Thank Yahuah SOMETHING is finally going up. Hahahhahahaaaa! Thanks for your market analysis Greg. I bought a few XLF and XLE options last week. Price dropped on me, but it's starting to recover. I wasn't sweating because as you can see I buy options with a lot of time on them so I can wait out the short-term undulations of the market without stress. TIME is your friend.
Non-SLV positions:
https://docs.google.com/document/d/1Xo2VG2k6FANYARDvaGzFguJFOMy7gKC_Ghtej4Wl5xE/edit?usp=sharing