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Sunnova Energy put volume heavy and directionally bearish

Bearish flow noted in Sunnova Energy with 2,419 puts trading, or 1.1x expected. Most active are Feb-24 10 puts and Jan-26 5 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 2.18, while ATM IV is up over 2 points on the day. Earnings are expected on February 21st.

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