Floor & Decor put volume heavy and directionally bearish

Bearish flow noted in Floor & Decor with 4,560 puts trading, or 7x expected. Most active are Oct-24 90 puts and Aug-24 105 calls, with total volume in those strikes near 4,700 contracts. The Put/Call Ratio is 20.45, while ATM IV is up over 1 point on the day. Earnings are expected on October 31st.