PG&E put volume heavy and directionally bearish

Bearish flow noted in PG&E with 7,157 puts trading, or 3x expected. Most active are 9/13 weekly 18.5 puts and Oct-24 19 puts, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 3.58, while ATM IV is up over 37 points on the day. Earnings are expected on October 24th.