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Hawaiian Electric put volume heavy and directionally bearish

Bearish flow noted in Hawaiian Electric with 2,501 puts trading, or 3x expected. Most active are Feb-24 12.5 puts and Jun-24 15 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 4.25, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 7th.

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