Bearish flow noted in Bristol Myers (BMY) Squibb with 5,469 puts trading, or 1.3x expected. Most active are May-25 47.5 puts and 5/23 weekly 48 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 2.40, while ATM IV is up nearly 10 points on the day. Earnings are expected on July 31st.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BMY:
- Bristol Myers to spend $40B in U.S. over 5 years, CEO writes in STAT
- Bristol Myers appoints Cari Gallman as Chief Policy Officer
- Trump to sign order streamlining U.S. drug manufacturing regulations, WaPo says
- Trump urges drugmakers to accept lower prices on prescriptions, Bloomberg says
- Insider Moves: Procter & Gamble, Strategy, Merck, Bristol-Myers, AGNC