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Sunnova Energy put volume heavy and directionally bearish

Bearish flow noted in Sunnova Energy with 2,491 puts trading, or 1.1x expected. Most active are Nov-23 9 puts and Nov-23 7 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 32.78, while ATM IV is up nearly 6 points on the day. Earnings are expected on February 21st.

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