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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 13,057 puts trading, or 14x expected. Most active are Feb-24 9 puts and Apr-24 5 puts, with total volume in those strikes near 8,400 contracts. The Put/Call Ratio is 10.26, while ATM IV is up over 3 points on the day. Earnings are expected on February 21st.

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