Bearish flow noted in Bausch Health with 1,718 puts trading, or 1.9x expected. Most active are Apr-24 4 puts and 1/26 weekly 5.5 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 18.08, while ATM IV is up over 2 points on the day. Earnings are expected on February 22nd.
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