Bearish flow noted in Bristol Myers (BMY) Squibb with 13,714 puts trading, or 3x expected. Most active are 11/14 weekly 45.5 puts and Nov-25 49 puts, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 1.62, while ATM IV is up over 3 points on the day. Earnings are expected on February 5th.
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