Canadian Solar (NASDAQ: CSIQ) is recently up $5.97 to $48.49 after increasing its 2008 annual revenue and output guidance to reflect the sales of e-Module products.
CSIQ call option volume of 15,574 contracts compares to put volume of 5,013 contracts. CSIQ July call option implied volatility is at 86; puts are at 97; near its 26-week average according to Track Data, suggesting non-directional price risk. CSIQ puts are more expensive than calls because CSIQ is difficult to borrow.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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