Bearish flow noted in Bausch Health with 1,531 puts trading, or 5x expected. Most active are Jan-24 8 puts and 10/27 weekly 9 calls, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 2.03, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 2nd.
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