Suncor put volume heavy and directionally bearish

Bearish flow noted in Suncor with 2,184 puts trading, or 2x expected. Most active are Jul-24 38 puts and Sep-24 42 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 2.43, while ATM IV is up over 2 points on the day. Earnings are expected on August 21st.