Albertsons put volume heavy and directionally bearish

Bearish flow noted in Albertsons with 8,794 puts trading, or 20x expected. Most active are Aug-24 19 puts and Jan-25 27 calls, with total volume in those strikes near 8,500 contracts. The Put/Call Ratio is 7.41, while ATM IV is up over 1 point on the day. Earnings are expected on July 23rd.