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Sunnova Energy put volume heavy and directionally bearish

Bearish flow noted in Sunnova Energy with 15,716 puts trading, or 6x expected. Most active are Feb-24 10 calls and Mar-24 12 puts, with total volume in those strikes near 10,600 contracts. The Put/Call Ratio is 2.10, while ATM IV is up nearly 11 points on the day. Earnings are expected on February 21st.

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