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Sunnova Energy put volume heavy and directionally bearish

Sunnova Energy put volume heavy and directionally bearish

Bearish flow noted in Sunnova Energy with 6,021 puts trading, or 4x expected. Most active are Mar-24 5 puts and Apr-24 7.5 puts, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 10.81, while ATM IV is up nearly 3 points on the day. Earnings are expected on October 25th.

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