Bearish flow noted in First Solar (FSLR) with 20,526 puts trading, or 4x expected. Most active are Jan-27 130 puts and 3/28 weekly 125 puts, with total volume in those strikes near 9,400 contracts. The Put/Call Ratio is 2.59, while ATM IV is up over 1 point on the day. Earnings are expected on April 30th.
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