Suncor put volume heavy and directionally bearish

Bearish flow noted in Suncor with 4,610 puts trading, or 3x expected. Most active are Jan-26 30 puts and Sep-24 31 puts, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 3.31, while ATM IV is up over 1 point on the day. Earnings are expected on November 7th.