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Vistra Energy put volume heavy and directionally bearish

Bearish flow noted in Vistra (VST) Energy with 5,845 puts trading, or 2x expected. Most active are Dec-25 180 puts and 12/12 weekly 160 puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 2.76, while ATM IV is up over 2 points on the day. Earnings are expected on February 26th.

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