Bearish flow noted in Bausch Health with 14,425 puts trading, or 1.9x expected. Most active are Jan-24 3 puts and Nov-22 7 puts, with total volume in those strikes near 13,600 contracts. The Put/Call Ratio is 8.59, while ATM IV is up over 1 point on the day. Earnings are expected on February 21st.
Published first on TheFly
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