Asana put volume heavy and directionally bearish

Bearish flow noted in Asana with 8,266 puts trading, or 4x expected. Most active are Mar-23 20 puts and Mar-23 21 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 1.89, while ATM IV is up over 3 points on the day. Earnings are expected on June 1st.