Affirm Holdings put volume heavy and directionally bearish

Bearish flow noted in Affirm Holdings with 26,114 puts trading, or 1.7x expected. Most active are Dec-22 13.5 puts and Jan-23 10 puts, with total volume in those strikes near 8,700 contracts. The Put/Call Ratio is 1.55, while ATM IV is up over 1 point on the day. Earnings are expected on February 9th.