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Enphase Energy put volume heavy and directionally bearish

Enphase Energy put volume heavy and directionally bearish

Bearish flow noted in Enphase Energy (ENPH) with 5,147 puts trading, or 1.1x expected. Most active are Mar-25 70 puts and Apr-25 65 calls, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 3.25, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 22nd.

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