BUY, SELL, HOLD (2)

Drug Data Has Bristol-Myers Squibb Company (BMY) Bulls Active

Bristol-Myers Squibb Co (BMY) is rallying on positive trial results

Digital Content Group
Apr 17, 2015 at 11:27 AM
facebook X logo linkedin


Bristol-Myers Squibb Co (NYSE:BMY) is popping after a successful study of its lung cancer treatment, Opdivo. At last check, shares of the drugmaker were up 3.5% at $65.87, bringing their year-to-date advance north of 11%. Not surprisingly, bullish traders are rushing to the stock's options pits.

Digging deeper, intraday call volume on BMY is at eight times the norm. By the numbers, 23,000 calls are on the tape, versus fewer than 4,000 puts. Among the most popular strikes is the at-the-money April 66 call, where buy-to-open activity is detected. In short, these call buyers anticipate BMY will topple $66 by tonight's close, when the front-month options expire.

Broadly speaking, speculators have been picking up BMY calls at a breakneck pace. During the last two weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity has seen nearly 14 calls bought to open for every put. The resultant call/put volume ratio of 13.64 rests above all comparable readings taken in the previous year.

Echoing this, Bristol-Myers Squibb Co (NYSE:BMY) has a Schaeffer's put/call open interest ratio (SOIR) of 0.41, with call open interest more than doubling put open interest among short-term strikes. What's more, this SOIR ranks in the call-skewed 15th percentile of its annual range.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.