ᚱ RUNIR
pinning
BMY · 2026-06-12 · 16:01 ET (after hours)

$BMY

BRISTOL-MYERS SQUIBB CO

$57.13 ▲ +0.23   (+0.40%)

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Free ward

Set a ward on $BMY

We DM you the instant the $63 call wall or the $55 put wall breaks.

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Warded

$BMY is warded

We'll DM you the moment the $63 call wall breaks. Rest easy.

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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.

IV percentile · 1y 50 · mid-range
Snapshot $57.13 · · 2026-06-12 · 16:01 ET (after hours)

The Levels

range held 6 sessions, both sides

Put Wall $55 held 6 sessions
Gamma Flip $54 +6.6% above flip
Call Wall $63 held 6 sessions
spot $57.13

Regime pinning — moves get faded back to the walls.

Scored Levels

Where the market is positioned

Implied vs Measured

Plays at the Walls

Covered Call

$59 · Jul 10 · 32Δ

$0.77 premium  ·  18%/yr annualized

Cash-Secured Put

$55 · Jul 10 · 32Δ

$0.98 premium  ·  24%/yr annualized

Not investment advice · Informational only

How our calls on $BMY have played out

Over the last 21 sessions · n=22

22 Walls Called
5 Held 100% 1 pinned · 4 rejected
0 Broke 0%
17 Untested
Best Read This Month

$55 put wall

held 2 sessions running

Read the methodology →

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