Replies to post #4120 on Bausch Health Companies Inc (BHC)

[JLS]

But it's trading at $14.86,

and there's a lot that can be made between there and $16.50, especially if it goes back and forth over and over.

I mean it's gone lower, late 2015 to early 2016, but it's already beginning to look like a cow's utter ready to milk.

It's looking a lot like gold, so my uneducated guess is that one should maybe wait for a bottoming of gold at around 1200 then buy silver. 1200 looks like pretty strong support for gold.

Without knowing any better I would use an MMA reversal as an entry point and there are a number of options trades that could work well.

If you are uncomfortable doing that, then maybe do a search and see if anyone is already describing a specific options setup. Don't let pride get in the way; if someone describes something that looks good, go fishing.