International Game put volume heavy and directionally bearish

Bearish flow noted in International Game with 2,083 puts trading, or 3x expected. Most active are Jan-23 23 puts and Dec-22 20 calls, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 1.87, while ATM IV is up over 1 point on the day. Earnings are expected on February 28th.