Bearish flow noted in Bristol Myers (BMY) Squibb with 7,624 puts trading, or 1.4x expected. Most active are 5/2 weekly 50 puts and May-25 65 calls, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 1.58, while ATM IV is up nearly 9 points on the day. Earnings are expected on April 24th.
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