NextEra Energy put volume heavy and directionally bearish

Bearish flow noted in NextEra Energy (NEE) with 3,848 puts trading, or 1.7x expected. Most active are Mar-25 70 puts and Jan-27 125 calls, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 2.85, while ATM IV is up over 1 point on the day. Earnings are expected on January 23rd.