Juniper Networks put volume heavy and directionally bearish

Bearish flow noted in Juniper (JNPR) Networks with 1,726 puts trading, or 3x expected. Most active are Nov-25 33 puts and Nov-25 30 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 10.09, while ATM IV is up nearly 6 points on the day. Earnings are expected on May 1st.