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Bristol Myers Squibb put buyer realizes 58% same-day gains

Notable profits for the buyer who lifted the $0.71 offer for 5,000 Bristol Myers Squibb (BMY) 8/1 weekly 46 puts yesterday at 11:56ET when underlying shares were trading at $46.60. Shares closed at $45.98, and the puts at $1.12 for a mark-to-market profit of 58%, or $205K, on the $354K outlay.

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