Berkshire Hathaway put volume heavy and directionally bearish

Bearish flow noted in Berkshire Hathaway with 5,976 puts trading, or 1.0x expected. Most active are 7/31 weekly 340 puts and 8/14 weekly 270 puts, with total volume in those strikes near 950 contracts. The Put/Call Ratio is 1.71, while ATM IV is up over 1 point on the day. Earnings are expected on August 1st.