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First Solar put volume heavy and directionally bearish

Bearish flow noted in First Solar with 4,553 puts trading, or 1.4x expected. Most active are Jan-25 135 puts and Sep-23 175 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 2.44, while ATM IV is up over 1 point on the day. Earnings are expected on October 26th.

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