KB Home put volume heavy and directionally bearish

Bearish flow noted in KB Home with 2,372 puts trading, or 1.8x expected. Most active are Oct-24 80 puts and Oct-24 85 calls, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 6.90, while ATM IV is up over 1 point on the day. Earnings are expected on January 8th.