AES Corp. put volume heavy and directionally bearish

Bearish flow noted in AES Corp. with 7,931 puts trading, or 5x expected. Most active are Nov-23 16 puts and Dec-23 12 puts, with total volume in those strikes near 7,400 contracts. The Put/Call Ratio is 6.98, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 2nd.