HanesBrands put volume heavy and directionally bearish

Bearish flow noted in HanesBrands (HBI) with 3,955 puts trading, or 14x expected. Most active are Apr-25 8 puts and Jan-25 8 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 101, while ATM IV is up over 3 points on the day. Earnings are expected on February 6th.