Lowe’s put volume heavy and directionally bearish

Bearish flow noted in Lowe’s with 7,813 puts trading, or 1.9x expected. Most active are Mar-23 200 puts and Mar-23 200 calls, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 2.75, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 1st.