Bearish flow noted in First Solar (FSLR) with 25,953 puts trading, or 3x expected. Most active are Jun-25 170 puts and Jun-25 167.5 puts, with total volume in those strikes near 12,800 contracts. The Put/Call Ratio is 2.19, while ATM IV is up over 1 point on the day. Earnings are expected on July 29th.
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