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First Solar put volume heavy and directionally bearish

Bearish flow noted in First Solar with 11,518 puts trading, or 1.3x expected. Most active are Dec-23 150 puts and Dec-23 155 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 2.10, while ATM IV is up over 3 points on the day. Earnings are expected on October 26th.

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