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Sunnova Energy put volume heavy and directionally bearish

Bearish flow noted in Sunnova Energy with 9,929 puts trading, or 6x expected. Most active are Jan-24 10 puts and Dec-23 11 puts, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 1.72, while ATM IV is up nearly 10 points on the day. Earnings are expected on February 21st.

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