Bearish flow noted in Bausch Health with 20,191 puts trading, or 5x expected. Most active are Dec-25 3 puts and Feb-23 8 calls, with total volume in those strikes near 21,500 contracts. The Put/Call Ratio is 9.04, while ATM IV is up nearly 8 points on the day. Earnings are expected on February 21st.
Published first on TheFly
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