Aspen Aerogels put volume heavy and directionally bearish

Bearish flow noted in Aspen Aerogels with 5,100 puts trading, or 34x expected. Most active are Apr-25 15 puts and Oct-24 35 calls, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 14.78, while ATM IV is up over 2 points on the day. Earnings are expected on October 30th.