Bearish flow noted in SunPower with 12,871 puts trading, or 12x expected. Most active are 1/27 weekly 15.5 puts and Feb-23 18 calls, with total volume in those strikes near 11,600 contracts. The Put/Call Ratio is 3.95, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 15th.
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Published first on TheFly
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