Illumina put volume heavy and directionally bearish

Bearish flow noted in Illumina with 3,370 puts trading, or 7x expected. Most active are Feb-24 95 puts and 3/1 weekly 150 calls, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 8.20, while ATM IV is up over 1 point on the day. Earnings are expected on February 8th.