AIG put volume heavy and directionally bearish

Bearish flow noted in AIG with 2,425 puts trading, or 5x expected. Most active are Nov-24 75 puts and 10/11 weekly 65 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 3.24, while ATM IV is up over 4 points on the day. Earnings are expected on October 31st.