Canadian Solar put volume heavy and directionally bearish
The Fly

Canadian Solar put volume heavy and directionally bearish

Bearish flow noted in Canadian Solar with 2,722 puts trading, or 10x expected. Most active are 7/26 weekly 13 puts and 6/28 weekly 15 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 3.90, while ATM IV is up over 2 points on the day. Earnings are expected on August 20th.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Related Articles
TheFly‘Massive risk’ to number of solar players flying under radar, says GLJ Research
TheFlyCanadian Solar announces U.S. recycling partnership with SOLARCYCLE
TheFlyCanadian Solar price target lowered to $15 from $19 at Wells Fargo
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App