Rubrik Inc put volume heavy and directionally bearish

Bearish flow noted in Rubrik (RBRK) Inc with 7,852 puts trading, or 6x expected. Most active are Dec-24 70 puts and Dec-24 65 puts, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 2.03, while ATM IV is up over 6 points on the day. Earnings are expected on March 6th.