Looking At Bristol-Myers Squibb's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on Bristol-Myers Squibb (NYSE:BMY) has been spotted in the options market, with 11 uncommon options trades identified. The overall sentiment of these big-money traders is 18% bullish and 81% bearish. The targeted price range for BMY over the last 3 months is $40.0 to $72.5.
June 07, 2023 | 6:17 pm
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A large bearish position has been identified in Bristol-Myers Squibb's options market, with 11 uncommon trades and 81% bearish sentiment. The targeted price range for BMY over the last 3 months is $40.0 to $72.5.
The large bearish position in Bristol-Myers Squibb's options market indicates that big-money traders expect the stock price to decline in the short term. The 81% bearish sentiment among these traders suggests a strong negative outlook for the stock. The targeted price range of $40.0 to $72.5 over the last 3 months further supports this bearish view.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100