GAMMA EXPOSURE · Dealer positioning

BMY Gamma Today: Positioning Walls and the Flip

Every number here is computed from the traded BMY options chain. The call wall is where dealer hedging accumulates above spot and caps upside, the put wall is its mirror below, and the gamma flip is the level where hedging stops damping moves and starts amplifying them.

66.82$ Positive gamma Refreshed every five minutes during the US session (UTC)

🔒 مستوياتُ التنفيذ مقفلة

جدارا الغاما ونقطةُ انقلابها لـBMY متاحةٌ للمشتركين.

ويمكنك فحصُ SPY وQQQ وNVDA كاملةً الآن بلا اشتراك.

اطّلع على الباقات

65.00$ Spot right now 70.00$

Gamma on other symbols

SPX SPY QQQ DIA IWM AAPL MSFT GOOGL AMZN NVDA META TSLA All symbols

Options chain around BMY price

BMY · open interest at each strike.
Strike	Calls	Puts	Today's volume	Skew
62.00	71	303	179	Put
62.50	8,411	12,158	179	Put
63.00	71	243	141	Put
64.00	301	645	83	Put
65.00	12,652	7,352	909	Call
66.00	506	645	1,755	Put
67.00	703	481	194	Call
67.50	14,322	686	194	Call
68.00	890	188	365	Call
69.00	1,947	187	294	Call
70.00	22,152	129	1,330	Call
71.00	575	0	42	Call

How the levels moved over the last 3 days

BMY archive · each day's close.
Day	Price	Gamma flip	Call wall	Put wall
2026-08-10	65.11	57.41	67.50	61.00
2026-08-11	63.70	57.06	65.00	61.00
2026-08-12	63.84	59.66	65.00	62.50

BMY numeric indicators.
Metric	Value
Max pain strike	62.50
Put/Call ratio · today's volume	0.79
Put/Call ratio · open interest	0.76
0DTE gamma flip	64.92
0DTE contracts in chain	66
Total contracts read	386

Strongest magnet levels

70.00 ⁦7.84⁩ مليون
67.50 ⁦7.04⁩ مليون
65.00 ⁦2.36⁩ مليون

Strongest accelerant levels

62.50 −698,342
64.00 −120,030
66.00 −106,907

Where does BMY stand relative to the gamma flip?

السعرُ 66.8200 يعلو نقطةَ الانقلاب 61.9400 بفارق 7.88٪، مسافةٌ مريحة. Positioning is clearly positive: dealer hedging buys dips and sells rallies, so price tends to grind within a range rather than jump. Flipping this state يحتاج هبوطاً يتجاوز 7.9٪، أي أنّه ليس سيناريو الجلسة الأقرب. Price is inside the range between 65.0000 and 70.0000, closer to Put wall of the two.

Option walls and session range

أكبرُ تجمّعٍ لعقود الشراء عند 70.0000 (4.76% from price)، ولعقود البيع عند 65.0000 (-2.72% from price)، والمسافةُ بينهما 7.69٪، a **wide** range. That does not imply a move is coming, only that the walls are far enough apart not to confine BMY during the session, so flow leads rather than hedging.

Exposure size and hedging density

صافي تعرّض الغاما لـBMY يبلغ ⁦19.52⁩ مليون، وهو حجمٌ محدود. Hedging for a 1% move is about 292,063 shares. In this range hedging stays secondary to the stock's own flow, so the levels below should not be asked to carry more than they can.

Supporting signals

and this reading is built on 386 contracts in the chain.

What the recent history of BMY says

Over the last 27 days of tracking (293 archived snapshots), BMY stayed above the gamma flip in 100% of readings، وتنقّلت نقطةُ الانقلاب نفسُها بين 56.5400 و62.8400، أي بنطاق 11.14٪، وهو ما يعني أنّ the level moves with the market and does not serve as a fixed reference across days، and net exposure today is below the period average (⁦19.8⁩ مليون).