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Sunnova Energy put volume heavy and directionally bearish

Bearish flow noted in Sunnova Energy with 13,431 puts trading, or 8x expected. Most active are Mar-24 5 puts and Jan-24 9 puts, with total volume in those strikes near 13,200 contracts. The Put/Call Ratio is 7.13, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 21st.

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