ChargePoint Holdings put volume heavy and directionally bearish

Bearish flow noted in ChargePoint Holdings with 42,265 puts trading, or 4x expected. Most active are 6/23 weekly 7 puts and Jun-23 8 puts, with total volume in those strikes near 33,600 contracts. The Put/Call Ratio is 3.64, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 30th.