Fluor put volume heavy and directionally bearish

Bearish flow noted in Fluor (FLR) with 1,142 puts trading, or 1.4x expected. Most active are Feb-25 42.5 puts and Mar-25 40 puts, with total volume in those strikes near 610 contracts. The Put/Call Ratio is 1.77, while ATM IV is up over 1 point on the day. Earnings are expected on February 18th.