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Vistra Energy put volume heavy and directionally bearish

Bearish flow noted in Vistra (VST) Energy with 8,461 puts trading, or 1.0x expected. Most active are Mar-26 160 puts and Sep-26 150 puts, with total volume in those strikes near 4,700 contracts. The Put/Call Ratio is 1.59, while ATM IV is up over 2 points on the day. Earnings are expected on February 26th.

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