Bearish flow noted in Canadian Solar with 3,498 puts trading, or 4x expected. Most active are 5/3 weekly 19 puts and 4/5 weekly 19 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 5.69, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 16th.
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