Bearish flow noted in Bausch Health with 7,651 puts trading, or 5x expected. Most active are Jan-24 7.5 puts and Jan-24 8 calls, with total volume in those strikes near 8,500 contracts. The Put/Call Ratio is 2.36, while ATM IV is up nearly 12 points on the day. Earnings are expected on February 22nd.
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