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SunPower put volume heavy and directionally bearish

Bearish flow noted in SunPower with 3,938 puts trading, or 2x expected. Most active are 12/8 weekly 4.5 puts and 12/8 weekly 5 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 3.50, while ATM IV is up over 1 point on the day. Earnings are expected on February 14th.

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