Sunrun put volume heavy and directionally bearish

Bearish flow noted in Sunrun (RUN) with 25,835 puts trading, or 4x expected. Most active are 4/4 weekly 6 puts and Aug-25 5 puts, with total volume in those strikes near 21,300 contracts. The Put/Call Ratio is 3.53, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 7th.