Newmont Mining put volume heavy and directionally bearish

Bearish flow noted in Newmont Mining with 7,558 puts trading, or 1.0x expected. Most active are Mar-23 50 puts and Mar-23 52.5 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 1.52, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 23rd.