Bristol-Myers Squibb's Options Frenzy: What You Need to Know

Investors with a lot of money to spend have taken a bullish stance on Bristol-Myers Squibb BMY.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BMY, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 9 uncommon options trades for Bristol-Myers Squibb.

This isn't normal.

The overall sentiment of these big-money traders is split between 55% bullish and 33%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $147,500, and 7 are calls, for a total amount of $971,639.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $40.0 for Bristol-Myers Squibb, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Bristol-Myers Squibb's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Bristol-Myers Squibb's whale activity within a strike price range from $25.0 to $40.0 in the last 30 days.

Bristol-Myers Squibb Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
BMY CALL TRADE BULLISH 01/16/26 $9.65 $9.0 $9.55 $35.00 $577.7K 620 803
BMY CALL TRADE BEARISH 06/20/25 $5.45 $5.35 $5.35 $40.00 $133.7K 259 255
BMY PUT TRADE BULLISH 03/21/25 $1.38 $1.23 $1.22 $35.00 $122.0K 3.1K 1.0K
BMY CALL SWEEP BULLISH 01/16/26 $9.55 $9.45 $9.51 $35.00 $83.3K 620 183
BMY CALL TRADE BULLISH 01/16/26 $6.75 $5.55 $6.7 $40.00 $67.0K 3.6K 160

About Bristol-Myers Squibb

Bristol-Myers Squibb discovers, develops, and markets drugs for various therapeutic areas, such as cardiovascular, cancer, and immune disorders. A key focus for Bristol is immuno-oncology, where the firm is a leader in drug development. Bristol derives close to 70% of total sales from the U.S., showing a higher dependence on the U.S. market than most of its peer group.

In light of the recent options history for Bristol-Myers Squibb, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Bristol-Myers Squibb

  • Trading volume stands at 3,946,292, with BMY's price up by 0.36%, positioned at $41.63.
  • RSI indicators show the stock to be may be approaching oversold.
  • Earnings announcement expected in 45 days.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Bristol-Myers Squibb options trades with real-time alerts from Benzinga Pro.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...