Bearish flow noted in Sunnova Energy with 10,426 puts trading, or 5x expected. Most active are Mar-24 5 puts and Mar-24 9 calls, with total volume in those strikes near 10,600 contracts. The Put/Call Ratio is 6.22, while ATM IV is up nearly 8 points on the day. Earnings are expected on April 24th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NOVA:
- Sunnova Energy downgraded to Equal Weight from Overweight at Morgan Stanley
- What You Missed This Week in EVs and Clean Energy
- Roku downgraded, Seagate initiated: Wall Street’s top analyst calls
- Sunnova Energy downgraded to Neutral at Janney on demand uncertainty
- Sunnova Energy price target lowered to $21 from $25 at Mizuho