StockTwits Trending Alert: Trading recent interest in BRISTOL-MYERS SQUIBB $BMY

Quantchabot has detected a promising Bull Put Spread trade opportunity for BRISTOL-MYERS SQUIBB (BMY) for the 8-Jul-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BMY was recently trading at $77.69 and has an implied volatility of 20.40% for this period. Based on an analysis of the options available for BMY expiring on 8-Jul-2022, there is a 28.00% likelihood that the underlying will close within the analyzed range of $77.69-$80.45 at expiration. In this scenario, the average linear return for the trade would be 70.01%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, BRISTOL-MYERS SQUIBB was recently trending, indicating that breaking news and/or market activity has significantly impacted sentiment toward the stock. This movement can be interpretted as a sign of more near-term price movement for the underlying.

Trade approach: The recent sentiment change in BMY on StockTwits appears to be significantly positive, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bullish strategy could prove effective if the sentiment ultimately turns out to drive trading.

Upside potential: Using this bullish strategy, the trade would be profitable if BRISTOL-MYERS SQUIBB closed at or above $77.55 on 8-Jul-2022. Based on our analysis, there is a 45.45% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.