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Vistra Energy put volume heavy and directionally bearish

Bearish flow noted in Vistra (VST) Energy with 8,033 puts trading, or 1.9x expected. Most active are Feb-26 85 puts and Jan-27 90 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 1.66, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 26th.

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