Unusual Options Activity In Zillow (Z)

$Z-Bearish flow noted in Zillow (73.28 -2.18) with 1,525 puts trading, or 1.8x expected. The Put/Call Ratio is 2.41, while ATM IV is up over 1 point on the day. Earnings are expected on 02/18. The June 20yh 2025 65.00 & 50.00 Puts are being bought.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives