Newmont Mining put volume heavy and directionally bearish

Bearish flow noted in Newmont Mining with 14,630 puts trading, or 2x expected. Most active are Aug-24 45 puts and Oct-24 45 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 2.07, while ATM IV is up over 1 point on the day. Earnings are expected on October 24th.