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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 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.

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