Marvell put volume heavy and directionally bearish

Bearish flow noted in Marvell with 15,781 puts trading, or 2x expected. Most active are 9/13 weekly 57 puts and 8/23 weekly 70 puts, with total volume in those strikes near 12,900 contracts. The Put/Call Ratio is 2.12, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 29th.