KE Holdings put volume heavy and directionally bearish

Bearish flow noted in KE Holdings with 8,835 puts trading, or 2x expected. Most active are Jun-24 15 puts and Sep-24 15 calls, with total volume in those strikes near 9,000 contracts. The Put/Call Ratio is 2.93, while ATM IV is up nearly 11 points on the day. Earnings are expected on September 5th.