Celsius Holdings put volume heavy and directionally bearish

Bearish flow noted in Celsius Holdings with 3,638 puts trading, or 4x expected. Most active are Dec-22 110 puts and Dec-22 95 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.52, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 28th.