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Bausch Health Companies (BHC)lost $592 million in 2023 on revenue of $8.76 billion. That hardly seems like a stock that investors would be keen on. However, in Wednesday’s trading, not only did BHC stock have a volume of 6.34 million, nearly three times its 30-day average, but it also had an unusually active options volume of 77,509, nearly four times the 30-day average. Since the beginning of 2024, BHC’s daily options volume has exceeded 70,000 on two occasions: yesterday and March 1. Meanwhile, it had four unusually active options on Wednesday — defined as a Vol/OI interest of 1.25 or highe…

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