Bearish flow noted in First Solar with 11,675 puts trading, or 1.2x expected. Most active are Jan-24 65 puts and Jan-23 75 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 2.71, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 1st.
Published first on TheFly
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