CarMax put volume heavy and directionally bearish

Bearish flow noted in CarMax with 16,673 puts trading, or 15x expected. Most active are Feb-23 55 puts and 12/23 weekly 90 calls, with total volume in those strikes near 13,700 contracts. The Put/Call Ratio is 5.04, while ATM IV is up nearly 8 points on the day. Earnings are expected on December 22nd.