Bearish flow noted in Bristol Myers Squibb with 11,015 puts trading, or 2.0x expected. Most active are Mar-23 62.5 puts and Jun-23 55 puts, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 2.01, while ATM IV is up over 1 point on the day. Earnings are expected on April 27th.
Published first on TheFly
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