Bearish flow noted in Bausch Health with 3,560 puts trading, or 1.6x expected. Most active are Jun-25 7 puts and Jul-24 8 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 2.60, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.
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