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Bausch Health call volume above normal and directionally bullish

Bullish option flow detected in Bausch Health with 7,641 calls trading, 1.8x expected, and implied vol increasing almost 25 points to 70.39%. Dec-22 8 calls and 12/2 weekly 7.5 calls are the most active options, with total volume in those strikes near 5,300 contracts. The Put/Call Ratio is 0.07. Earnings are expected on February 21st.

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Published first on TheFly

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