$70 · Oct 16 · 30Δ
$0.97 premium · 13%/yr annualized
$BMY
BRISTOL-MYERS SQUIBB CO
▼ -1.27 (-1.87%)
BRISTOL-MYERS SQUIBB CO
range held 15 sessions, both sides
Regime pinning · moves get faded back to the walls.
Each wall is the strike carrying the heaviest open interest within 15% of price, call above as resistance, put below as support, pooled across all listed expirations. It is a structural positioning level, not a single expiry pin. Max pain is tracked separately.
The Read
BMY is in a long-gamma regime at heat 36, which means dealers are dampening price moves by hedging. The $62.5 call wall and the $55 put wall are both untested yesterday, with the put wall historically holding strong at an 86% rate. Spot stands 5% above the gamma flip at $53.31, so any upside push will likely face resistance from dealer positioning.
Where the market is positioned
Risk-neutral, implied by options pricing. Where the market is positioned, not a forecast.
Talk to the oracle
Free. No login. Real dealer positioning on $BMY, scored over a year of outcomes.
$70 · Oct 16 · 30Δ
$0.97 premium · 13%/yr annualized
$64 · Oct 9 · 27Δ
$0.89 premium · 15%/yr annualized
Not investment advice · Informational only
Over the last 21 sessions · n=28
Free alert
We DM you when the $70 call wall or the $63 put wall breaks. No noise, just the break.
Wall-break alerts arrive as a Discord DM. Pro gets them live, the instant the wall breaks.
Free alert
We DM you when the $70 call wall or the $63 put wall breaks.
…
Alert set
We'll DM you when the $70 call wall breaks. Rest easy.
Scored Levels
PROImplied vs Measured
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