CarMax put volume heavy and directionally bearish

Bearish flow noted in CarMax with 3,742 puts trading, or 5x expected. Most active are 6/30 weekly 78 puts and 6/23 weekly 95 calls, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.51, while ATM IV is up nearly 2 points on the day. Earnings are expected on June 23rd.