Bearish flow noted in Bausch Health (BHC) with 20,171 puts trading, or 8x expected. Most active are Dec-24 7 puts and Dec-24 7.5 puts, with total volume in those strikes near 19,300 contracts. The Put/Call Ratio is 10.34, while ATM IV is up nearly 14 points on the day. Earnings are expected on February 20th.
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