Suncor put volume heavy and directionally bearish

Bearish flow noted in Suncor with 5,366 puts trading, or 8x expected. Most active are Dec-23 33 puts and Jan-24 34 calls, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 5.64, while ATM IV is up over 1 point on the day. Earnings are expected on February 21st.