Bristol-Myers Squibb (BMY)
NYSE: BMY
· Real-Time Price · USD
47.24
0.52 (1.11%)
At close: Sep 09, 2025, 3:59 PM
47.10
-0.30%
After-hours: Sep 09, 2025, 07:58 PM EDT
BMY Delta Exposure By Expiry
The total Delta Exposure (DEX) for BMY across all expirations shows -182,154.39 net shares that market makers must hedge, with 4,832,295.23 from calls and 5,014,449.62 from puts. The put-call delta ratio of 1.04 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
BMY DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 12, 25 | 86,478.77 | -56,096.86 | 30,381.91 | 0.65 |
| Sep 19, 25 | 729,074.31 | -1,199,802.25 | -470,727.94 | 1.65 |
| Sep 26, 25 | 23,422.86 | -19,286.19 | 4,136.67 | 0.82 |
| Oct 3, 25 | 14,556.88 | -10,398.44 | 4,158.44 | 0.71 |
| Oct 10, 25 | 5,088.86 | -5,787.32 | -698.46 | 1.14 |
| Oct 17, 25 | 921,630.43 | -286,760.54 | 634,869.89 | 0.31 |
| Oct 24, 25 | 348.41 | -214.49 | 133.92 | 0.62 |
| Nov 21, 25 | 617,733.78 | -559,663.31 | 58,070.47 | 0.91 |
| Dec 19, 25 | 190,108.11 | -292,147.3 | -102,039.19 | 1.54 |
| Jan 16, 26 | 1,035,702.92 | -1,326,735.06 | -291,032.14 | 1.28 |
| Mar 20, 26 | 557,384.43 | -431,284.86 | 126,099.57 | 0.77 |
| Jun 18, 26 | 153,355.99 | -272,101.35 | -118,745.36 | 1.77 |
| Sep 18, 26 | 62,921.02 | -50,861.69 | 12,059.33 | 0.81 |
| Dec 18, 26 | 109,091.55 | -78,777.39 | 30,314.16 | 0.72 |
| Jan 15, 27 | 240,791.75 | -315,399.67 | -74,607.92 | 1.31 |
| Jun 17, 27 | 24,734.97 | -35,537.79 | -10,802.82 | 1.44 |
| Dec 17, 27 | 59,870.19 | -73,595.11 | -13,724.92 | 1.23 |