Tal Education Group put volume heavy and directionally bearish

Bearish flow noted in Tal Education Group with 1,832 puts trading, or 1.1x expected. Most active are 9/1 weekly 6 puts and 9/1 weekly 6.5 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 4.47, while ATM IV is up over 1 point on the day. Earnings are expected on October 26th.