Williams Sonoma put volume heavy and directionally bearish

Bearish flow noted in Williams Sonoma with 6,256 puts trading, or 5x expected. Most active are May-24 140 puts and Oct-23 139 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 1.72, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 16th.