Dish Network put volume heavy and directionally bearish

Bearish flow noted in Dish Network with 10,282 puts trading, or 5x expected. Most active are Jun-23 10 puts and Jan-24 10 puts, with total volume in those strikes near 6,500 contracts. The Put/Call Ratio is 3.36, while ATM IV is up over 3 points on the day. Earnings are expected on February 23rd.