BMY Options
Bristol-Myers Squibb Options Chain, Implied Volatility & Greeks
Comprehensive options market data for Bristol-Myers Squibb (BMY). Explore implied volatility patterns, options chain liquidity, gamma exposure levels, and key market metrics.
BMY Options at a Glance
What's Covered in This Guide
1 About Bristol-Myers Squibb (BMY)
Bristol-Myers Squibb trades on NYSE. Options on BMY are actively traded by retail and institutional investors.
Company Profile
Key Dates
BMY is an actively traded options name in the Pharmaceuticals space.
2 BMY Options Market Overview
BMY options offer good liquidity for traders seeking exposure to Pharmaceuticals.
Liquidity Assessment: Good
BMY options provide good liquidity for most trading strategies.
3 BMY Volatility Profile
BMY implied volatility reflects market expectations for Bristol-Myers Squibb price movement.
Earnings Impact
IV typically increases before earnings and contracts afterward (IV crush).
Historical Volatility vs IV
Compare IV to historical volatility to assess option pricing relative to realized moves.
Term Structure
Term structure varies with market conditions and upcoming events.
BMY Gamma Exposure (GEX)
Gamma Exposure (GEX) analysis for BMY shows how dealer hedging may impact price behavior.
Typical GEX Profile: GEX profile varies based on market conditions and option positioning.
Key Levels: Major put and call walls at round number strikes may act as support/resistance.
Dealer Hedging: Dealer hedging activity can influence price behavior at key gamma levels.
4 Common BMY Options Strategies
These are strategies commonly used by traders on BMY options, based on typical market characteristics. This is not investment advice.
Used by BMY traders for income exposure. Good liquidity supports efficient execution.
Used by BMY traders for directional exposure. Good liquidity supports efficient execution.
Used by BMY traders for volatility exposure. Good liquidity supports efficient execution.
Used by BMY traders for neutral exposure. Good liquidity supports efficient execution.
Used by BMY traders for time-based exposure. Good liquidity supports efficient execution.
Key Considerations for BMY Options
- BMY options liquidity: Good - affects execution quality
- IV range: 20% - 55% - important for premium selling strategies
- Earnings events can significantly impact IV and option prices
- Consider position sizing based on underlying volatility
- Weekly options available for short-term strategies
- LEAPS available for longer-term positioning
Frequently Asked Questions: BMY Options
What are BMY options?
BMY options are derivative contracts that give you the right to buy (call) or sell (put) Bristol-Myers Squibb shares at a specific price before expiration.
How do I analyze BMY implied volatility?
BMY IV typically ranges from 20% - 28% during quiet periods to 40% - 55% around earnings and major events. Compare current IV to historical ranges to assess relative value.
What is the typical bid-ask spread for BMY options?
BMY options have good liquidity with typical spreads varying by strike and expiration. ATM options generally have tighter spreads.
When does BMY report earnings?
Bristol-Myers Squibb typically reports earnings quarterly. Check the earnings calendar for exact dates as IV tends to increase before announcements.
What strategies work best for BMY options?
Popular BMY strategies include covered calls, vertical spreads, and straddles. Strategy selection depends on market outlook and risk tolerance.
What is the best time to trade BMY options?
The most liquid trading hours for BMY options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.
How do I calculate BMY option Greeks?
Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for BMY options across all strikes and expirations.
What happens to BMY options at expiration?
In-the-money BMY options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.
On This Page
BMY Analytics
BMY Key Events
Related Tickers
Analyze BMY Options
Access real-time GEX levels, IV analytics, and options flow for BMY.
Create Free Account View PlansExplore BMY Options Data
Access institutional-grade analytics including gamma exposure, implied volatility, and real-time options flow.