Bearish flow noted in Bristol Myers Squibb with 4,523 puts trading, or 1.1x expected. Most active are 3/3 weekly 70 puts and Mar-23 70 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 2.15, while ATM IV is up over 1 point on the day. Earnings are expected on April 27th.
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