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Sunnova Energy put volume heavy and directionally bearish

Bearish flow noted in Sunnova Energy with 1,579 puts trading, or 1.3x expected. Most active are Oct-23 10 puts and Jan-25 30 calls, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 2.46, while ATM IV is up nearly 4 points on the day. Earnings are expected on October 25th.

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