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Vistra Energy put volume heavy and directionally bearish

Bearish flow noted in Vistra (VST) Energy with 9,124 puts trading, or 3x expected. Most active are Feb-26 130 puts and Dec-25 175 calls, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 2.13, while ATM IV is up over 2 points on the day. Earnings are expected on February 26th.

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