Suncor put volume heavy and directionally bearish

Bearish flow noted in Suncor with 6,375 puts trading, or 2x expected. Most active are Feb-23 33 puts and 3/10 weekly 33 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 2.28, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 14th.