21Vianet put volume heavy and directionally bearish

Bearish flow noted in 21Vianet with 15,510 puts trading, or 15x expected. Most active are Feb-25 10 puts and Feb-25 13 calls, with total volume in those strikes near 17,700 contracts. The Put/Call Ratio is 1.73, while ATM IV is up nearly 6 points on the day. Earnings are expected on March 26th.