Bausch Health call volume above normal and directionally bullish

Bullish option flow detected in Bausch Health with 23,243 calls trading, 2x expected, and implied vol increasing over 7 points to 64.02%. 10/13 weekly 8.5 calls and 10/6 weekly 8 puts are the most active options, with total volume in those strikes near 22,500 contracts. The Put/Call Ratio is 0.18. Earnings are expected on November 2nd.