DocuSign put volume heavy and directionally bearish

Bearish flow noted in DocuSign with 24,718 puts trading, or 1.1x expected. Most active are 12/9 weekly 29 puts and 12/9 weekly 50 calls, with total volume in those strikes near 11,000 contracts. The Put/Call Ratio is 1.58, while ATM IV is up nearly 3 points on the day. Earnings are expected on December 8th.