Autodesk put volume heavy and directionally bearish

Bearish flow noted in Autodesk with 1,354 puts trading, or 1.7x expected. Most active are Jul-23 165 puts and Jul-23 170 puts, with total volume in those strikes near 860 contracts. The Put/Call Ratio is 2.11, while ATM IV is up over 1 point on the day. Earnings are expected on February 23rd.