Doximity put volume heavy and directionally bearish

Bearish flow noted in Doximity (DOCS) with 4,971 puts trading, or 6x expected. Most active are Mar-25 70 puts and Mar-25 62.5 puts, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 11.61, while ATM IV is up nearly 6 points on the day. Earnings are expected on May 15th.