Bearish flow noted in Bausch Health with 1,122 puts trading, or 1.3x expected. Most active are Mar-23 8.5 puts and 3/10 weekly 8.5 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 8.98, while ATM IV is up over 19 points on the day. Earnings are expected on May 9th.
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Published first on TheFly
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