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SunPower put volume heavy and directionally bearish
The Fly

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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