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Expert: Canadian Solar Could Move 8.5% After Earnings

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Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that implied volatility in the options market indicated that Canadian Solar Inc. (NASDAQ: CSIQ) was expected to a make a move of more than 8.5 percent (up or down) after earnings.

Kinahan noted that options activity on the stock was relatively low with only 1,900 contracts traded in the morning.

There was, however, about twice the normal amount of trading, especially in the following week's $35 Calls.

Kinahan noted that from a historical volatility perspective, the stock was at its 82nd percentile.

Ahead of its earnings release on Thursday, Canadian Solar Inc. traded at $30.18, down 0.53 percent.

Kevin Riley and Brianna Valleskey contributed to this report.

Posted-In: JJ Kinahan TD AmeritradePreviews Options Exclusives Markets Trading Ideas Interview

 

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