Bearish flow noted in First Solar (FSLR) with 7,404 puts trading, or 3x expected. Most active are 5/22 weekly 225 puts and Jan-28 150 puts, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 4.16, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 30th.
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