Bearish flow noted in Sunnova Energy with 6,254 puts trading, or 4x expected. Most active are Jun-24 3 puts and Oct-24 10 calls, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 2.86, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 31st.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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>>
Read More on NOVA:
- Sunnova’s High-Stakes Solar Gambit: Navigating Uncertainty in a Maturing Market
- Sunnova Energy price target lowered to $15 from $25 at Raymond James
- Sunnova Energy sees FY24 adjusted EBITDA $350M-$450M
- Sunnova Energy reports Q1 EPS (57c), consensus (73c)
- Sunnova Energy International Unveils Investor Insights and Management Changes