Sabre put volume heavy and directionally bearish

Bearish flow noted in Sabre with 2,814 puts trading, or 3x expected. Most active are Apr-23 5 puts and Jan-23 7 calls, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 2.39, while ATM IV is up over 5 points on the day. Earnings are expected on February 14th.