BMY Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete BMY options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around BMY.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

Exp: 2026-10-02

Gamma Flip

62.26

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.090

Shows put vs call positioning

IV Skew

0.21

Put–call IV difference

Max Pain Price Volatility

σ = 6.57

medium volatility

Confidence 85%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian

On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 83%

Current DPI is 0.231(bearish). Bearish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-12-18 options expiry. 90% confidence

The support levels for BMY are at 61.16, 60.71, and 59.69, while the resistance levels are at 61.76, 62.21, and 63.23. The pivot point, a key reference price for traders, is at 65.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 1)

Expiry 2026-10-02 (DTE 1): Pinning structure with suppressed volatility. Option flow bias is neutral (0.20), pin strength 0.70.

Based on the latest options positioning (DTE 1), the ATM straddle implies a standardized 1.47% 1-day move.

The expected range for the next 1 days is 60.73 — 63.72 , corresponding to +3.68% / -1.19% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 65.15 (6.00% above spot).

Bearish positioning points to downside pressure toward 60.54 (1.49% below spot).

Options flow strength: 0.64 (0–1 scale). ATM Strike: 61.00, Call: 0.41, Put: 0.49, Straddle Cost: 0.91.

Price moves may extend once a direction forms. The short-term gamma flip is near 62.47 , with intermediate positioning around 62.26 . The mid-term gamma flip remains near 62.41.