Mosaic put volume heavy and directionally bearish

Bearish flow noted in Mosaic (MOS) with 2,376 puts trading, or 2x expected. Most active are Jan-25 17.5 puts and 12/27 weekly 23.5 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.52, while ATM IV is up over 6 points on the day. Earnings are expected on February 26th.