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Sunnova Energy put volume heavy and directionally bearish

Bearish flow noted in Sunnova Energy with 7,405 puts trading, or 3x expected. Most active are Feb-24 7 puts and Feb-24 9 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 1.55, while ATM IV is up over 7 points on the day. Earnings are expected on February 21st.

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