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NextEra Energy Partners put volume heavy and directionally bearish

NextEra Energy Partners put volume heavy and directionally bearish

Bearish flow noted in NextEra Energy Partners (NEP) with 2,279 puts trading, or 2x expected. Most active are Dec-24 22.5 puts and Nov-24 19 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 6.37, while ATM IV is up nearly 3 points on the day. Earnings are expected on January 23rd.

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