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First Solar put volume heavy and directionally bearish

Bearish flow noted in First Solar with 6,112 puts trading, or 1.6x expected. Most active are Jan-25 160 puts and Feb-24 170 puts, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 3.89, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 26th.

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