Bearish flow noted in First Solar (FSLR) with 4,597 puts trading, or 3x expected. Most active are Jan-27 110 puts and Jun-26 145 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 8.89, while ATM IV is up over 5 points on the day. Earnings are expected on April 28th.
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