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Canadian Solar put volume heavy and directionally bearish

Bearish flow noted in Canadian Solar with 2,379 puts trading, or 5x expected. Most active are 1/26 weekly 20 puts and 1/26 weekly 22 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.59, while ATM IV is up nearly 3 points on the day. Earnings are expected on March 19th.

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