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Quality Biotech with Opening Put Sales in OI Forms Bull Flag

by | Dec 2, 2024

Blueprint Medicines (BPMC) shares of the quality biotech name are forming a bull flag right around the 200 MA and YTD VWAP support at 95 and look poised to breakout above 98 for a potential surge into the volume pocket above that does not show resistance until about 115. BPMC has been a top biotech with massive opening put sales since summertime and more recently on 11/5 saw 3000 December 2025 $100 puts sold to open at $16.70 which remain in OI.

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