ASML put volume heavy and directionally bearish

Bearish flow noted in ASML with 3,182 puts trading, or 3x expected. Most active are 12/23 weekly 540 puts and Jan-23 350 puts, with total volume in those strikes near 730 contracts. The Put/Call Ratio is 2.46, while ATM IV is up over 3 points on the day. Earnings are expected on January 25th.