Scorpio Tankers put volume heavy and directionally bearish

Bearish flow noted in Scorpio Tankers (STNG) with 1,530 puts trading, or 3x expected. Most active are Jun-25 55 puts and Jan-25 42 puts, with total volume in those strikes near 840 contracts. The Put/Call Ratio is 2.78, while ATM IV is up over 1 point on the day. Earnings are expected on February 13th.