Bausch Health put volume heavy and directionally bearish
The Fly

Bausch Health put volume heavy and directionally bearish

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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