Trade Desk put volume heavy and directionally bearish

Bearish flow noted in Trade Desk with 10,448 puts trading, or 1.8x expected. Most active are Dec-22 48 puts and Jun-23 45 puts, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 1.65, while ATM IV is up over 2 points on the day. Earnings are expected on February 16th.