Strong Bullish Sentiment in BMY
The option market is sending a strong bullish signal for Bristol Myers Squibb (BMY), with an overwhelming majority of traders betting on the stock’s upside potential. As of today, the stock has 203,938 calls trading, with a volume of nearly 108,400 contracts. This represents a 22x expected ratio and an implied volatility of 22.90%.
Most Active Options
The most active options on BMY are the Jan-25 52.5 calls and Jan-25 50 calls, with total volume near 108,400 contracts. These options suggest that traders are confident in the stock’s ability to reach or surpass $53 by January 25th.
Earnings Imminent
Bristol Myers Squibb is set to report its earnings on February 6th, which may be a catalyst for the stock’s movement. The Put/Call Ratio stands at 0.02, indicating that call options are dominating the market.
What’s Next?
With this level of bullish sentiment in the option market, investors should keep a close eye on BMY’s earnings report and any subsequent news or announcements from the company. A strong quarterly report could lead to increased buying pressure and further upward momentum for the stock.
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