Tal Education Group put volume heavy and directionally bearish

Bearish flow noted in Tal Education Group with 1,507 puts trading, or 2.0x expected. Most active are 9/6 weekly 9 puts and Sep-24 10 calls, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 2.62, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 24th.