Corebridge Financial put volume heavy and directionally bearish

Bearish flow noted in Corebridge Financial with 3,790 puts trading, or 1.3x expected. Most active are Jan-25 27 puts and Jan-25 26 puts, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 5.62, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 1st.