Pure Storage put volume heavy and directionally bearish

Bearish flow noted in Pure Storage with 2,362 puts trading, or 2x expected. Most active are Mar-24 41 puts and Jan-25 45 calls, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 1.82, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 28th.