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NextEra Energy put volume heavy and directionally bearish

Bearish flow noted in NextEra Energy (NEE) with 7,235 puts trading, or 1.2x expected. Most active are Mar-26 55 puts and Apr-25 64 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 1.92, while ATM IV is up nearly 9 points on the day. Earnings are expected on April 23rd.

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