Herbalife put volume heavy and directionally bearish

Bearish flow noted in Herbalife with 1,526 puts trading, or 1.5x expected. Most active are 12/30 weekly 15 puts and Jan-23 45 calls, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 31.79, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 22nd.