JetBlue put volume heavy and directionally bearish

Bearish flow noted in JetBlue (JBLU) with 6,468 puts trading, or 5x expected. Most active are 11/22 weekly 6.5 puts and Jan-25 7 calls, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 1.81, while ATM IV is up nearly 3 points on the day. Earnings are expected on January 28th.