Oscar Health put volume heavy and directionally bearish

Bearish flow noted in Oscar Health with 1,178 puts trading, or 1.8x expected. Most active are Oct-24 21 puts and Oct-24 21 calls, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.41, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 5th.