Axos Financial put volume heavy and directionally bearish

Bearish flow noted in Axos Financial with 3,186 puts trading, or 1.1x expected. Most active are Jan-24 25 puts and Oct-23 30 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 30.63, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 26th.