AFLAC put volume heavy and directionally bearish

Bearish flow noted in AFLAC with 1,944 puts trading, or 1.1x expected. Most active are Jan-25 60 puts and Jan-23 67.5 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.50, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 1st.