Hawaiian Holdings put volume heavy and directionally bearish

Bearish flow noted in Hawaiian Holdings with 13,351 puts trading, or 4x expected. Most active are Aug-24 10 puts and Sep-24 9 puts, with total volume in those strikes near 12,500 contracts. The Put/Call Ratio is 6.11, while ATM IV is up nearly 18 points on the day. Earnings are expected on October 29th.