Viatris put volume heavy and directionally bearish

Bearish flow noted in Viatris with 2,173 puts trading, or 2x expected. Most active are Feb-24 11 puts and Jul-24 10 calls, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 2.36, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 26th.