Bearish flow noted in SunPower with 7,508 puts trading, or 4x expected. Most active are Mar-23 23 puts and 1/13 weekly 25 calls, with total volume in those strikes near 7,400 contracts. The Put/Call Ratio is 2.68, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 15th.
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Published first on TheFly
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