Canadian Solar (NASDAQ: CSIQ) is recently up $1.02 to $45.92 in pre-open trading as shares rally on alternate energy

CSIQ designs, manufactures and sells solar cell and module products that convert sunlight to electricity.

CSIQ overall option implied volatility of 77 is below its 26-week average of 93 according to Track Data, suggesting decreasing price risk.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com