Bearish flow noted in Bausch Health with 40,994 puts trading, or 6x expected. Most active are Jun-24 3 puts and Jan-23 8 calls, with total volume in those strikes near 28,700 contracts. The Put/Call Ratio is 1.73, while ATM IV is up over 2 points on the day. Earnings are expected on February 21st.
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Published first on TheFly
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