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Sunnova Energy put volume heavy and directionally bearish
The Fly

Sunnova Energy put volume heavy and directionally bearish

Bearish flow noted in Sunnova Energy with 7,405 puts trading, or 3x expected. Most active are Feb-24 7 puts and Feb-24 9 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 1.55, while ATM IV is up over 7 points on the day. Earnings are expected on February 21st.

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