Albemarle put volume heavy and directionally bearish

Bearish flow noted in Albemarle with 2,027 puts trading, or 1.1x expected. Most active are Mar-23 250 puts and Jan-23 390 calls, with total volume in those strikes near 820 contracts. The Put/Call Ratio is 1.67, while ATM IV is up over 1 point on the day. Earnings are expected on February 15th.