Harley Davidson put volume heavy and directionally bearish

Bearish flow noted in Harley Davidson with 2,229 puts trading, or 1.5x expected. Most active are May-24 35 puts and May-24 35 calls, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 6.94, while ATM IV is up over 1 point on the day. Earnings are expected on July 25th.