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First Solar put volume heavy and directionally bearish

Bearish flow noted in First Solar with 6,833 puts trading, or 1.3x expected. Most active are Jan-25 160 puts and Apr-24 180 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 1.97, while ATM IV is up over 1 point on the day. Earnings are expected on May 1st.

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