Quantchabot has detected a new Covered Put trade opportunity for BAUSCH HEALTH COMPANIES INC (BHC) for the 20-Feb-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
BHC was recently trading at $6.02 and has an implied volatility of 59.42% for this period. Based on an analysis of the options available for BHC expiring on 20-Feb-2026, there is a 34.23% likelihood that the underlying will close within the analyzed range of $5.11-$6.04 at expiration. In this scenario, the average linear return for the trade would be 13.56%.
Big -8.37% Change: After closing the last trading session at $6.57, BAUSCH HEALTH COMPANIES INC opened today at $6.22 and has reached a low of $5.90.
Trade approach: A movement as big as -8.37% is a significantly bearish indicator, so this trade is designed to be profitable if BHC maintains its current direction and does not revert back to pricing on the bullish side of $6.02 on 20-Feb-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bearish strategy, the trade would be profitable if BAUSCH HEALTH COMPANIES INC closes at or below $6.11 on 20-Feb-2026. Based on our risk-neutral analysis, there is a 52.83% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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