BlackBerry put volume heavy and directionally bearish

Bearish flow noted in BlackBerry with 6,536 puts trading, or 6x expected. Most active are Oct-23 5 puts and 9/8 weekly 5 calls, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 4.30, while ATM IV is up nearly 17 points on the day. Earnings are expected on September 28th.