Bearish flow noted in Bausch Health with 15,014 puts trading, or 8x expected. Most active are Jun-24 3 puts and Jan-23 8 calls, with total volume in those strikes near 12,600 contracts. The Put/Call Ratio is 2.84, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 21st.
Published first on TheFly
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