Marriott put volume heavy and directionally bearish

Bearish flow noted in Marriott with 7,142 puts trading, or 4x expected. Most active are Jan-24 115 puts and Jan-23 135 puts, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 8.52, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 15th.