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Sunnova Energy put volume heavy and directionally bearish

Bearish flow noted in Sunnova Energy with 6,254 puts trading, or 4x expected. Most active are Jun-24 3 puts and Oct-24 10 calls, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 2.86, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 31st.

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