AdaptHealth put volume heavy and directionally bearish

Bearish flow noted in AdaptHealth with 3,004 puts trading, or 1.5x expected. Most active are Jan-26 7.5 puts and Mar-25 12.5 calls, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1001, while ATM IV is up over 3 points on the day. Earnings are expected on November 5th.