EBay put volume heavy and directionally bearish

Bearish flow noted in EBay (EBAY) with 3,060 puts trading, or 2x expected. Most active are Jan-25 52.5 puts and 10/25 weekly 65 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.78, while ATM IV is up nearly 3 points on the day. Earnings are expected on October 30th.