Kodak put volume heavy and directionally bearish

Bearish flow noted in Kodak with 3,096 puts trading, or 5x expected. Most active are Apr-25 5 puts and Jul-25 5 calls, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 3.81, while ATM IV is up over 3 points on the day. Earnings are expected on March 13th.