Charter put volume heavy and directionally bearish

Bearish flow noted in Charter with 2,099 puts trading, or 1.5x expected. Most active are Sep-24 250 puts and Dec-24 300 calls, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.52, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 26th.