NextEra Energy Partners put volume heavy and directionally bearish

Bearish flow noted in NextEra Energy Partners with 2,699 puts trading, or 1.9x expected. Most active are Oct-23 20 puts and Nov-23 20 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 3.10, while ATM IV is up over 1 point on the day. Earnings are expected on October 24th.