Ericsson put volume heavy and directionally bearish

Bearish flow noted in Ericsson with 5,911 puts trading, or 2x expected. Most active are Dec-22 6 puts and Apr-23 7 puts, with total volume in those strikes near 5,700 contracts. The Put/Call Ratio is 2.31, while ATM IV is up nearly 4 points on the day. Earnings are expected on January 25th.