Celestica put volume heavy and directionally bearish

Bearish flow noted in Celestica with 2,928 puts trading, or 4x expected. Most active are 10/11 weekly 50 puts and Oct-24 53 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 15.49, while ATM IV is up nearly 3 points on the day. Earnings are expected on October 23rd.