Annaly Capital put volume heavy and directionally bearish

Bearish flow noted in Annaly Capital (NLY) with 2,097 puts trading, or 3x expected. Most active are 12/6 weekly 19.5 puts and 12/13 weekly 19.5 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 8.52, while ATM IV is up over 5 points on the day. Earnings are expected on February 5th.