Bearish flow noted in Bristol Myers (BMY) Squibb with 9,747 puts trading, or 1.5x expected. Most active are 8/1 weekly 46 puts and Aug-25 47 calls, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 2.23, while ATM IV is up over 1 point on the day. Earnings are expected on July 31st.
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