Eaton put volume heavy and directionally bearish

Bearish flow noted in Eaton with 2,181 puts trading, or 1.8x expected. Most active are Dec-26 400 puts and Jul-26 340 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 2.35, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 4th.