AST SpaceMobile put volume heavy and directionally bearish

Bearish flow noted in AST SpaceMobile with 1,622 puts trading, or 2x expected. Most active are Jul-23 5 puts and 6/23 weekly 3.5 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 7.05, while ATM IV is up over 1 point on the day. Earnings are expected on August 14th.