Bearish flow noted in Bausch Health with 8,430 puts trading, or 2x expected. Most active are Jan-25 4 puts and Feb-23 8 calls, with total volume in those strikes near 9,500 contracts. The Put/Call Ratio is 2.64, while ATM IV is up over 4 points on the day. Earnings are expected on February 23rd.
Published first on TheFly
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