Bearish flow noted in Sunnova Energy with 7,844 puts trading, or 21x expected. Most active are May-23 12.5 puts and May-23 15 puts, with total volume in those strikes near 6,700 contracts. The Put/Call Ratio is 5.85, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 26th.
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Published first on TheFly
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