Amphenol put volume heavy and directionally bearish

Bearish flow noted in Amphenol with 3,415 puts trading, or 7x expected. Most active are Jun-24 120 puts and Jun-24 125 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 34.85, while ATM IV is up over 1 point on the day. Earnings are expected on July 24th.